BTC, plummeted 103000. Surged. 12w
:
As mentioned yesterday, I won't analyze today, just continuing the thoughts from yesterday with a few more words.
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The 4-hour EMA20 line has already broken down, so I choose to increase my short position,
completely transitioning from a neutral observer to joining the short camp.
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What's the situation now?
Actually, the bulls are in an advantageous position, with BlackRock's ETF still inflowing. But other institutions have reduced their positions.
In other words,
according to the warfare analogy,
the bulls are surrounding the bears, continuously compressing their attack.
However, although the space is surrounded, the short forces are still strong, holding their ground firmly without surrendering, and looking for opportunities to break out.
If there are no external forces, the bulls may ultimately win 1!!
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But!! There may be support from the royal court, with the possibility of negative news.
Among the spectators, there are occasionally people joining the short camp!!
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Then, there are many influential figures around observing.
If the royal court does not release negative news, they will join the bulls, and if the royal court releases negative news, it will create space.
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So watch 7.4
Once the breakout is successful, it may surge for a period of time, worth the bulls re-surrounding.
