When can we go all in to bottom fish? Bitcoin has formed a major double top on the daily chart, and this morning it tested the 100,000 neckline again, which is precarious. Once it breaks down, it will open up downward space, and it will at least go to 93,000 first.
In the short term, our strategy remains to short at highs. The best entry points are around the major resistance at 106,000 and the more aggressive small resistance between 103,000 and 103,700.
If you don't have a short position yet, you can start to position some at 103,000. If some unexpected good news pushes it to 106,000, then you can position a larger short.
However, in a slight bear market, shorting altcoins actually has more space. Although Bitcoin is barely holding at 100,000, ETH and Sol have already broken below their previous consolidation zones, and Trump is heading towards 7u, already halved. I still hold long-term low-leverage shorts on Trump because there will be a large unlocking in mid-July.
We're not just talking after the fact; you can check the program list. We've been calling for a peak since mid-May, and it's been a month now. Back then, Pepe was still at 0.16, and Sol was at 188. Now, although Bitcoin is still at 100,000, altcoins have been halved from May to now. Without discussing shorting, at the very least, you could have taken profit at the high. When it's time to bottom fish, Shuqin will tell you to go all in, just follow my operations daily~☺️
