Good morning, friends! As of now, our recent short strategy has been successfully executed, and those who followed should have made a considerable profit. The market has cumulatively dropped nearly 7,000 points over the past two trading days, relying on two precisely analyzed positions to capture nearly 10,000 points of profit. Continuously following the strategy and strictly adhering to discipline makes steady profits really not difficult.
It was previously mentioned that the market has expectations of repair, but overall it is still in a downward trend. After this round of retracement, it has become clear that the previously mentioned strong resistance at 108000 for four hours has been confirmed after a round of testing. Currently, the daily line has two consecutive bearish candles with increased volume falling back, once again testing the 100000 integer level. Although an effective breakout has not yet been achieved in the short term, it is only a matter of time. From the hourly level, it can be seen that Bitcoin continues to exert downward pressure with an almost wave-like structure. The big bearish pullback, accompanied by fragmented adjustments, is quite healthy. Under this trend, there is no need for excessive hesitation; just continue to choose the right moment to deploy high positions.
Bitcoin: 102600～103000 level, looking down at 100000.
