$BTC Just as I mentioned on May 21, the reason there hasn't been a significant pullback yet is that we haven't reached the peak in everyone's mind. At the position of 108,000 points, it is a very struggling position. Going short, one fears it might surge above 110,000; going long, one fears being caught in a high position at 108,000.

Summary

For those going short, as I said on May 21, you can place orders above 110,000, trying to catch a bit. You can place small continuous orders at 110,000; 111,000; 112,000.

For those going long, in my opinion, from the last low point of 74,000 to the current 108,000, it is already a factual high position. At this time, going long has a high probability of becoming a bag holder. If you really want to go long, I’m not being a Monday quarterback; why didn’t you go long at 70,000, 80,000, or 90,000? Why are you hesitating to think about getting in at the 110,000 level? My advice is to wait for the next opportunity. After all, having chips in hand does not truly mean losing the next good opportunity. Lastly, for those waiting to go long after a pullback, be cautious; the purpose of the market makers raising prices is ultimately to sell off, it cannot maintain high prices indefinitely. The sole purpose of continuously pushing higher is for better selling.

Constant declines are for better surges.

Constant surges are for better declines.

Any contract not aimed at selling off is just playing tricks.

Prediction: BTC will face a significant pullback after hitting the 110,000 mark #BTC挑战11万大关