Bitcoin has started to plummet. Did the friends who read my article last night profit? Smart money began to withdraw from this chart pattern at the top of 108900. The trend chart drawn last night looks almost the same as the trend that came out this morning!

Is the moment of intense tension for the big pancake about to arrive? At this stage, the global economy is experiencing significant turbulence, and the international situation is also very dangerous, with even the fighting nation of Russia evacuating its citizens! This indicates that the recent sharp rise in capital may be orchestrated!

Currently, Bitcoin is about to complete the formation of a downward trend, and it could potentially drop anytime within the range of 108,000 to 110,000. Smart money may collectively flee during this stage. It remains uncertain whether the large bullish candle in U.S. stocks will trend downward later in the night! If U.S. stocks decline later in the night, Bitcoin will surely start to drop within this range 📉!

Long Ge's view is that at this moment, one should not chase the rise, as it is easy to hit the top. If one does want to chase, Bitcoin must stabilize at 110,000 or pull back to around 103,500 before chasing. A short position can be initiated with a small amount near 109,000, with a stop loss at 110,500!
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