#BTC — What's next?

Important report on Sunday: Everything you need to know:

Technical analysis / Life cycle assessment / Psychological analysis: Bitcoin is currently at a historical support level. Since the bull market began in March 2023, it has never fallen below this golden line. A quick glance at the chart shows that Bitcoin has consistently rebounded above the golden line on the weekly chart and has never closed below it. If it closes below, it is likely to indicate that bullish strength is weakening, as this is one of the most important bullish-bearish indicators. I am not blindly shorting, although we must understand the movements of both sides to improve trading, I believe the golden line is an important support level, currently around $99,200, slightly below the psychological level of $100,000. This supports my view that before the next round of increases, we may see Bitcoin consolidate in this area. I must emphasize again that joining Wall Street members can truly change your life, and many user testimonials have proven this.

During the entire bull market, I have been buying Bitcoin near the golden line, and as you can see, this strategy has been very effective. However, this time I will not buy near the golden line. I can even say that we will break below this important price level; it's just a matter of time. That said, I must admit that breaking below this key support area requires strong selling pressure, and in fact, we have also seen a rebound from the golden line this time. Nevertheless, this does not change my macro view on Bitcoin, nor does it change my strategy of holding short positions in the $115,000-$125,000 range. In my view, breaking below this price level is just a matter of time. Meanwhile, we have gathered a lot of liquidity around the $116,000-$117,000 range, which I have emphasized for three weeks. If the market allows us to return to this area again, I will continue to increase my short positions. I expect more manipulations aimed at increasing downward liquidity in the coming days. Market makers seem unprepared to let us enter the next round of decline; they first want to increase liquidity, and it seems to be working well. This week, leverage has risen significantly, especially in altcoin long positions, which is exactly what we usually see before the next round of crash. Market makers are setting one trap after another before the next round of decline.

Enjoy your tea, wait, and don't overtrade.

Regarding #BTC, my position remains unchanged: fully holding USDT, with an average short entry price around $119,000. I also placed additional short orders around $117,000 to continue building my positions when the market allows for a pullback. Regarding data, CPI inflation data will be released on Thursday, and PPI data will be released on Friday.

This article is not financial advice and is for educational purposes only. All content in this article reflects my personal views and trading and investment strategies.