Recently, Bitcoin has been hovering at high levels. Although there have been fluctuations, it hasn't had a deep correction, and the indicators have been smoothed out over time. Now, to enter a short position early, we must see a clear breakdown signal, or wait for a rebound to confirm resistance before taking action. Finding a pullback point in this narrow range is really challenging; it's safer to place an order at the lower edge of the fluctuation zone and start with a small position to test the waters.
The ideal entry point is of course the previous support level before the rise, but whether it can fall back there is hard to say, so let's take it slow in batches. Now, let's highlight a key point: the price has already brushed against the historical ceiling. We need to be extremely vigilant at this level. We're only five thousand dollars away from the previous high, and the 110k mark has been a barrier twice before; there are too many trapped positions above, so chasing long positions here is not worth the risk at all. For medium-term positioning, instead of stubbornly focusing on Bitcoin, it might be better to look at second-tier assets like Ethereum.
I still often trade Ethereum because it is relatively underdeveloped; I will continue to position myself with precise orders, and the entry points will be shared internally. Brothers who want to partake can call me 😎. Below are some recent trades I've made; you can take a look.
Daily focus: OM SUI SOL FUN WIF
