5.1 Thursday Bitcoin Evening Analysis

The long position for Bitcoin was exited early at noon, and I couldn't catch the subsequent rise of over a thousand points, but I have no regrets about it.

Those who often read my posts should know that I have been waiting for Bitcoin to break above the 96,000 point level, so I can confidently short it. After all, this is just the signal to liquidate the short positions below. If those short positions are not liquidated, it definitely won't drop.

Now let's see how capable the market makers are and how high they can pull it up. Not breaking 100,000 would be best. The expectation is 97,000. The evening strategy is to short on the rise. Just focus on shorting.

Evening Trading Suggestions

Short Bitcoin directly at around 96,400 to 97,000, looking towards a breakout at 94,000 to continue to the downside. If it doesn't break, you can reverse and go long.