Summary for Thursday, May 22

Today is a memorable day as Bitcoin sets a new historical high of 111,880. After the new high appears, the intraday short-term support is at 110,000, and in the second half, it continues to fluctuate in a high range. Since it’s a tug-of-war trend, there is room for both long and short positions to be taken. Throughout the day, we mainly focused on shorting from the high, which also gained us a decent amount of space, with a total of 2,800 points captured from three trades. Currently, we still hold one short position on Bitcoin and one on Ethereum.

Recently, due to the sharp rise in Bitcoin, many friends have been questioning our short positions. I don't want to say too much here; the market doesn't only go up, it also goes down. Although the trend is biased upwards, our short positions have also been quite successful. In the past two days, we have not suffered any losses, which is evident. Not only have we captured a good amount of space, but our standings have also visibly improved. If there are doubts, you can check the content for yourself.

Every day, we publicly share our trades; if we’re wrong, we acknowledge it, and if we’re right, we never boast. Recently, our followers who have been with us have more or less profited, which is beyond doubt. This is also what I want to see. When you lack direction, we can walk together. $BTC