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In this phase, don't short anymore. No matter how strong the resistance is, do not short. Just wait for a good entry and then buy.
Donald Castanado zhWL
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Hey, can you give me some advice? Should I cut it or add more? It’s about 500$ in the end.
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BTC's Next Trend on the D1 Chart:
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Strong Resistance Around $62,000
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BTC Popularity Might Not Be So Good
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Talking about $BTC today is like watching the Titanic heading straight for an iceberg. Everyone’s hoping it’ll steer away, but let’s be real... Bitcoin is sinking faster than a kid letting go of a balloon in the wind. Sure, the price of Bitcoin is hovering around $64,000. Sounds decent, right? Don’t get too excited. It’s just a pretty number masking the chaos underneath. Analysts are still clinging to optimism, predicting it could hit $68,000 or, if you’re really dreaming, $86,000. But reality? Every time BTC hits resistance like a superhero facing a villain, it bounces back under $60,000, dragging wallets down with it. Over $43 million in short positions liquidated, only to set up the next batch of long traders for a trip to the ICU. If you’re waiting for Bitcoin to skyrocket and change your life, well… proceed with caution. Sometimes, Bitcoin is like a gambler in Vegas: "Big win today, bankruptcy tomorrow." These rapid gains might just be the teaser before it nosedives back to the $50,000 zone like a rollercoaster. So, if you’re all in on $BTC, better prepare yourself to watch your account turn green before it flashes red like a fall leaf. And if by some miracle you hold on until the end of the year, congrats, you might see it climb. But remember, the Bitcoin ocean is always ready to swallow those who lack patience! #bitcoin☀️ #BTC #etherreum #HODL
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