BTC
87370 hasn’t been broken yet; this short pullback is now considered a structural move.
After the new high on the 21st, it contracted back; today it touched 87280 again and contracted again. The secondary high has already formed. As long as the previous high isn’t broken, the more it grinds, the easier it is to accelerate downward. It’s not that there are no positives. The ETF is still flowing in, and the shorts have just been squeezed.
But the Coinbase premium is negative, and the perpetuals are being built up at high levels—more like leveraged price-boosting rather than spot accumulation.
Short around 86300.
Wrong: If it breaks above 87500 on strong volume, exit immediately.
Right: First watch 85100, then 84000.
This trade is only betting on a pullback; I’m not betting on a bear market. Do you think it will break the high here, or first give back (pull back)?
87370 hasn’t been broken yet; this short pullback is now considered a structural move.
After the new high on the 21st, it contracted back; today it touched 87280 again and contracted again. The secondary high has already formed. As long as the previous high isn’t broken, the more it grinds, the easier it is to accelerate downward. It’s not that there are no positives. The ETF is still flowing in, and the shorts have just been squeezed.
But the Coinbase premium is negative, and the perpetuals are being built up at high levels—more like leveraged price-boosting rather than spot accumulation.
Short around 86300.
Wrong: If it breaks above 87500 on strong volume, exit immediately.
Right: First watch 85100, then 84000.
This trade is only betting on a pullback; I’m not betting on a bear market. Do you think it will break the high here, or first give back (pull back)?
