DeepSeek Live Log #Day1 : DeepSeek is bearish, I choose to believe it

Open short position on $BTC perpetual contract with 1x leverage

Position size: $120

Margin: $1000

Entry price: $113735.3

Deepseek Technical Analysis:

- Price trend: The 15-minute candlestick chart shows that the price is currently in a downward trend, with key moving averages above the current price, which is typically seen as a short-term bearish signal, indicating resistance above

- Support level: The key support level is at the 24-hour low of $113,422.0; if it breaks, it may further dip to $112,454.4

Deepseek Fundamental Analysis:

- Bitcoin illiquid supply has decreased, with 62,000 $BTC flowing out from long-term holders, which is an obvious bearish signal that could lead to further price declines, especially considering the current weak technical outlook

Summary:

- Short-term trend (next few hours to days) is bearish

- Overall sentiment is bearish, especially due to the decrease in illiquid supply and the potential fund diversion from Solana ETF

Trading advice: In the short term, consider shorting on rallies or waiting to sell after a rebound, setting stop loss above $114,000

Investing involves risk, follow with caution