$BTC is baiting for longs! Those catching falling knives need to be alert!
In the current market, it looks like a bait for longs from every perspective.
Don’t be fooled by a few bullish candles,
we are still only in the second phase of the decline,
the real main downtrend hasn’t kicked in yet!
Long traders, don’t act impulsively!
Currently, BTC has rebounded to the 94700-95000 range,
many people think a reversal is coming, but in reality, this is just a false move in a decline.
If you jump in, you’re mostly just standing guard,
at most, you’ll earn a little bit,
once the third main downtrend hits,
it will directly take you and your position away!
How to short?
Short entry range: 94700 - 95000
Stop-loss defense level: above 95500
Target level: This week, pay close attention to 91600. Once it breaks, the space below opens up, and it won’t hold back!
Buying the dip on the left side? You’re too early!
This is a continuation structure of a downtrend, it’s not over yet.
Now, trying to catch a rebound is a full-risk move,
the real opportunity lies in the collapse phase after the baiting,
baiting surge = the operator offers a second shorting opportunity,
don’t rush in like cannon fodder.
Trends may be late, but they won’t be absent.
The falling knife is still spinning in the sky,
if you reach out now, it will only be bloody!
Friends who are confused about trading, friends wanting to break even, friends wanting to double their investment, follow Long Shao closely for early layout
