The position of 31600 is not very good. Let’s observe it first and then consider emptying it.
江南秋
23 Jun 2023
The callback is about to start. Light short position near 31600
After BTC broke through the high level, a downward structure appeared in the 30-minute and 5-minute levels respectively. If it pulls up another new high to lure more buyers, it will pull back.
I originally thought that 24800 was the local bottom and would start a big market. But the daily line pull of BTC is very unhealthy. Once the rise stops, those who chase the rise will easily sell their chips. Those who don’t have positions will continue to buy the bottom. In view of this, 31600 may be the highest point in the next six months. The only way to break the daily line is to pull over 34000 after a short correction. That’s when spring comes.
Let us stay focused and track how the market will develop in the future.
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