$BTC 【Bitcoin reaches above 80,000 as scheduled—be careful of a new high fake breakout】
Bitcoin’s spot price is around 80,000. Today it surged to over 81,000, reaching the 80,000–84,000 range that I’ve been analyzing recently as expected. Yesterday I also gave accurate analysis and trading suggestions—please check the post again.
So the original view still stands. Looking at the current structure diagram (Figure 2): the previous wave high was 82,800, and today it has pushed up to over 81,000, getting close to that high. In the short term, this range should start to see exits and traders should be cautious about going long. It’s possible that, as shown by the line on my chart, there could be a fake breakout where the price reaches a high of 83,000–84,000 to lure longs, and then it starts to sell off and drag down—flushing long positions—followed by a pullback to the 73,000–75,000 range. After that, it may consolidate and then move upward again to kick off the official bull market.
Therefore, for execution, I still suggest that short-term spot traders gradually exit within the 80,000–84,000 range, and it’s not a big issue to hold for the longer term. For futures, the 82,000–84,000 zone can be used to build short positions gradually with low leverage, and once it reaches 73,000–75,000, switch to a long bias.
Of course, follow my post’s chat room to watch the price action and adjust accordingly.
$ETH $SOL
Bitcoin’s spot price is around 80,000. Today it surged to over 81,000, reaching the 80,000–84,000 range that I’ve been analyzing recently as expected. Yesterday I also gave accurate analysis and trading suggestions—please check the post again.
So the original view still stands. Looking at the current structure diagram (Figure 2): the previous wave high was 82,800, and today it has pushed up to over 81,000, getting close to that high. In the short term, this range should start to see exits and traders should be cautious about going long. It’s possible that, as shown by the line on my chart, there could be a fake breakout where the price reaches a high of 83,000–84,000 to lure longs, and then it starts to sell off and drag down—flushing long positions—followed by a pullback to the 73,000–75,000 range. After that, it may consolidate and then move upward again to kick off the official bull market.
Therefore, for execution, I still suggest that short-term spot traders gradually exit within the 80,000–84,000 range, and it’s not a big issue to hold for the longer term. For futures, the 82,000–84,000 zone can be used to build short positions gradually with low leverage, and once it reaches 73,000–75,000, switch to a long bias.
Of course, follow my post’s chat room to watch the price action and adjust accordingly.
$ETH $SOL
