Before $BTC , I said that the market would reach the extreme high range of 84500–85000. But considering how the big players are behaving now—very wild, very rare to actually reach that specified high point—either it will overshoot, or it will dip first and then show a rebound and pullback. So I didn’t chase those so-called overshoot levels. Instead, I laid out short positions in batches, and I also prepared for the market to go to 87000. No matter whether the market reaches it or not, I keep a fallback, just in case.
Sure enough, today the market came to 87000. I added one more position. If the average price rises to around 86000, that works. If it drops, there will be a small support around 85000. From there, you can make 1000 points’ profit. Then subtract the added position’s cost. After that, watch for the pullback and the upward correction location to add again. The first position must be kept, to prevent missing out if the big player suddenly dumps and drives the price down.
Still the same line of thought: the broader market looks bullish. In the future, it will definitely go to 98000. But at the moment, given the conditions of long-term and weekly indicators, it’s not set up for a sudden, explosive surge. It needs to be repaired—meaning the market should continue to consolidate and trade sideways.
Although the market has support at 80000 and it broke 82200, the market is likely to get stuck above 82200, and even around the low of the first pullback yesterday, which was 83600. But please note: we’re not the big player. What looks like 83600 and 82200 may still be breakable. To truly repair the long-term and weekly indicators, you can completely break the existing bare K-line level and push back down to 80000—even as low as 79500 or 78000.
Lock it in: short in batches, and by adding and reducing positions, wait step by step for the sell-off. Of course, if you don’t add or reduce, then simply hold the shorts; just set a safe liquidation price. Generally, it’s recommended to keep liquidation safety around 95.
Sure enough, today the market came to 87000. I added one more position. If the average price rises to around 86000, that works. If it drops, there will be a small support around 85000. From there, you can make 1000 points’ profit. Then subtract the added position’s cost. After that, watch for the pullback and the upward correction location to add again. The first position must be kept, to prevent missing out if the big player suddenly dumps and drives the price down.
Still the same line of thought: the broader market looks bullish. In the future, it will definitely go to 98000. But at the moment, given the conditions of long-term and weekly indicators, it’s not set up for a sudden, explosive surge. It needs to be repaired—meaning the market should continue to consolidate and trade sideways.
Although the market has support at 80000 and it broke 82200, the market is likely to get stuck above 82200, and even around the low of the first pullback yesterday, which was 83600. But please note: we’re not the big player. What looks like 83600 and 82200 may still be breakable. To truly repair the long-term and weekly indicators, you can completely break the existing bare K-line level and push back down to 80000—even as low as 79500 or 78000.
Lock it in: short in batches, and by adding and reducing positions, wait step by step for the sell-off. Of course, if you don’t add or reduce, then simply hold the shorts; just set a safe liquidation price. Generally, it’s recommended to keep liquidation safety around 95.
