A large pancake has strongly broken through the downward trend line, but currently it has not yet broken above the 654 prior high. If it breaks and holds above 654, the market will very likely test the 67 midline.
My personal short position also plans to place the stop loss after the price stands above 654. Once the price comes near 67, I will consider opening a short again.
However, I personally still think the probability that this rebound will break through 67 is relatively low. Before breaking through 67, it would be better to first take out the liquidity below at 615–60,000, and then choose to push toward 67 toward 70,000 $BTC
My personal short position also plans to place the stop loss after the price stands above 654. Once the price comes near 67, I will consider opening a short again.
However, I personally still think the probability that this rebound will break through 67 is relatively low. Before breaking through 67, it would be better to first take out the liquidity below at 615–60,000, and then choose to push toward 67 toward 70,000 $BTC
