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分析师舒琴
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分析师舒琴
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Bitcoin seems to be on the verge of collapse, can it struggle a bit longer? Will it drop to 70,000 this time? Hurry up and take a look.
1. As shown in the diagram, we analyzed the Bitcoin trend logic two days ago, with the top around 78,000/79,000 in the ascending channel, and the final pullback position is very likely to reach the lower edge of the channel around 69,000/70,000. So how should we operate now?

2. The most correct operation method is to short at the top of 78,000, which we have been discussing for two weeks. However, if you haven't entered before, you can still short at highs; significant rebounds present good entry opportunities. Before Bitcoin drops to 70,000, it will go through two support levels: one at 75,000 and the other at 73,500.

3. These two positions can easily see decent rebounds. If it rebounds at 75,000, then getting close to 76,500 is a good opportunity to gradually lay out short positions. Personally, I hope 75,000 can hold, and if we get a rebound, we can add more shorts. Because I mentioned yesterday that I took partial profits on my short positions here, I hope for a rebound to re-enter, of course, if there is no rebound, I can accept it and earn more as it drops.

4. Besides shorting at highs, aggressive investors can also try to take a short-term long position at the support level and see how it goes. 75,000 can be cautiously tested with a small position, setting a stop-loss. Of course, the safest position is definitely around 73,500, which depends on individual risk preference.

5. Overall, the market trend aligns with our expectations, and it should not be too difficult to operate. Just short at 78,000, and then take partial profits at the support levels of 75,000, 73,500, and near 70,000. If there is a significant rebound at the support level, then re-enter short. If there is no rebound, then let it go; we can take profits on other short positions gradually. The logic is clear step by step, don't trade based on feelings. Before placing a trade, think carefully about the profit-taking and stop-loss strategy. Let's work hard together~
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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