$BTC

#BTC Bitcoin has been consolidating at a high today

Yesterday, the large position short was closed at 70% of the cost price of 108400, and a night order was placed at 110200 with the same position short, average price at 108300. Currently, the cost price is nearby, and the position is not very large. I don't care anymore, either stop loss at 110700 or take profit around 107188

⚠️ The above is an incorrect example; I should have fully closed and then opened a short at 110200. I, Brother Tianyi, will definitely learn from this lesson in the future

⚠️ How to view Bitcoin today

If we take 108200 as the intraday starting point, then the Fibonacci 1.618 position is at 112100, which is the intraday short position. However, I mentioned before that the violent spike position is between 113000-121000, and long-term short positions are laid out here; we will discuss it when we get there, just to have an expectation. The lower range of 102888-100888 has already been validated, so what about the upper range?

Today, we will see if 108200 can break. I am preparing to place a long order in the upper boundary of the previous range at 107188-106188. What do you all think?