Is Btc ready to go short? Can we get the starting point of the big retracement? That’s a 50% profit! quite tempting
Reduce positions when it is time to reduce positions, and escape from the top when it is time to escape. If you can't bear the 18%-50% profit taking, then please reduce your positions in time to protect your capital when the price is high.
Market analysis on April 1, 2024. Currently at the closing time of the weekly and quarterly lines, the daily line has risen for the sixth wave and has been trading sideways at a high level for about a week.
On the spot side, we have taken actions to reduce positions and protect capital. The recent period has been oscillating in the range of 74040-60545 for 7-9 weeks. You can consider placing long-term short orders at the top of the second or third daily line first, so that you can get the The starting point of the major retracement.
The current market is oscillating at the 4-hour level. If it does not break 68340, it will stand firm at 70380. There will be a small wave of long order opportunities. The target will be 71480 first. If it breaks 71500, it will be 73500.
For short spot positions, focus on these positions, 56550-42550-40300-34860, to welcome the second start of the bull market #BTC超话 #ETH(二饼) $BTC $ETH $BOME #JTO币