Guys♻️❤️🔥Plummeting 2000 points! Has Bitcoin reached its peak? Where will it stop falling
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and rebound? Hurry up and take a look.
1. Bitcoin has touched the high pressure line of 78,000, and this is likely the final point of the current upward trend from 65,000. Bitcoin's current trend is very standard, with a false breakout slightly above the previous high of 76,000 to 78,000 before turning down. So where will it drop to this time?
2. Let's start with the conclusion: the current support is around 75,000 to 75,500, which is the previous small consolidation area and has certain support. So if the coin price reaches here, I would consider taking a rebound; I'm not greedy, a safe 1-2% is good enough, and I will stop loss if it drops slightly below.
3. Regarding the previous short position at 78,000, as shown in the picture, I would consider closing part of it at 75,500 to 76,000 to see if it can rebound before going short again. I went short at 78,000 on both short-term and long-term positions. Don’t say I opened a 10 U position; my long-term position is generally 100,000 U per trade, while the short-term one is 10,000 to 30,000 U. The resistance at 78,000 was drawn out by Shu Qin two weeks ago, right at this point. I remember I mentioned it 5 or 6 times, so there should be no doubt.
4. Our previous operation was to short from 75,000 to 73,800, abs$ETH
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