As for what happens next today, #BTC whether it will continue to break the range, I have actually been referring to the trend after 519 lately..

See the chart below. Below is 519, the text is my layered understanding of the current situation...

After 519, the market took 2 months to gradually break out of the following fluctuations... Yesterday I also saw a viewpoint that the rebate of Binance's leading assets has dropped sharply during this time, indicating that there is much less retail money in the market now.. It's uncertain whether it can definitely go up...

At the same time, based on the trend after 519, it can be found that after the market's first wave of recovery, the upper edge of a fluctuating range was given (corresponding to now is 116000 here). In the following days, there were several downward tests but did not reach the initial peak (for example, last Friday's 103500). There was also a process of returning to the upper edge (corresponding to today's return to 116000).

However, there were also two more times that tested the initial peak position again (corresponding to this time being just over 100000).

Although I don’t know whether it will definitely follow the 519 trend to test the peak again.. But this is a scenario I've always been wary of. So when I was buying low at 105000, I didn’t fully fill the position.. Just to prepare for a potential peak scenario below...

So to conclude... There’s no way to say for sure that today's 116000 here can definitely break through, or whether it will return to the lower range. As mentioned the day before, this week is very likely to be driven by news.. It’s all heavyweight news + liquidity released after options expiration.. So it’s hard to say...

However, taking history as a mirror, in terms of position and risk management, it's important to prepare for various situations...

In actual operation, the short position from the false breakout at 1160 should continue to hold. Currently, TP1, if it continues to break through 1160, then take the profit and leave.. If it goes back down to the range, then continue to trade intraday and trend.. As a hedge for the long position.

At the same time, the long position entered at 105000 according to yesterday's plan at 1120, 1140, 1160 with a small amount of TP and the remaining 40% position.. If it breaks up, continue to hold.. If it goes down, slowly add back the TP position below, and prepare well for the peak scenario..

Only when the peak is broken and cannot be recovered will I run away (extreme situation)