This morning, #BTC broke the historical high. I estimate that many people shorted around 110,000 and should have all suffered losses. Many believe that #BTC won't easily break this resistance level and are aggressively shorting. In fact, the risk here is quite high!

Last night during my live broadcast, I mentioned to everyone that shorting at the 110,000 level is not safe. Too many people want to short at this level because they think the price will retrace after breaking this resistance or believe it won't break through, or think it will be difficult to break. Therefore, many people's stop-losses are also set around 110,000. Because so many people think and act this way, BTC breaks through 110,000 without any pressure. Today, BTC even reached around 111,800, not only breaking the historical high but also increasing by 1,800 dollars from the original level. Trading is always counterintuitive, and only a few people can get it right.

Actually, it's okay to be wrong because this market situation is no longer related to technical analysis; it's completely about where the short sellers are. With changes happening so quickly, who can guarantee profits? Even the general Liang Xi has suffered losses again and entered a debt mode. Those who are more skilled than you are also losing money, so why are you worried? I also tried a small position yesterday and lost 100u before I exited because I realized the market was not right. Although I didn't catch the historical high of #BTC , I also didn’t incur losses. Sometimes it's better to stay in cash and wait.

If you want to seize this bull market, it's definitely too late to learn and sell on the spot. It’s best if someone can quickly guide you in.