I said yesterday that #BTC needs to return over 108,600, and today it has returned to 107,200, which is very close to 108,600. Tonight, I'm preparing to close some long positions with a surge. Come on, let's rise a bit more, while the price goes up, I'll also place some counterfeit short positions, waiting for the next round of decline to take another short profit!

BTC: Is it going back to 108,600 again?!!

A few days ago, I mentioned that 63,474,289,358 would drop back to 103,000, and indeed it fell. At that time, many people were very panicked; when it drops, they think it will break 100,000, and when it rises, they aim for 130,000. Haha, I can only laugh without speaking, so I quietly accumulated positions. Here’s my latest view:

1. From the estimated liquidation perspective: a drop to 101,000 can only liquidate 1.2 billion, while a rise to 110,000 can liquidate 2 billion. Of course, pulling up is better.

2. From the chip structure perspective: there are two resistance levels for an upward move, one at 108,600 and another at 110,000. I am a bit conservative and will first look at 108,600, while the support below is around 101,100. It’s not impossible to go here in the short term, so I have left a lot of room in my positions.

In summary, I am currently holding both long and short positions. I have a long position at 103,602 for BTC, and I am gradually building up short positions in altcoins. For me, whether it goes up or down, I have enough backup to respond. I really like to be reactive rather than gamble in advance; as long as there is volatility, I can win.

Chat with me at 84879158330, sometimes I share my views here.

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