We talked about it yesterday. The main force has been resting these past few days, and the market is highly likely to adjust. I was right; Bitcoin dropped nearly $3000 yesterday to $BTC !
From the market perspective, the price level I anticipated around $107,000 has been reached. I've already closed a significant portion of my short positions that I opened at high levels. I believe Bitcoin will oscillate around this level and if it dips further and can find support around $106,300, then the trend can still follow the path I am optimistic about. Next week, it might even surge to $110,000 to lure more buyers; this is currently my most favored scenario.
If Bitcoin breaks below $106,000, then we might have to watch for around $104,000. However, I personally think this possibility is relatively small. In terms of trading, I will definitely follow the optimistic path.
I will continue to lay out my strategy orders. Rather than blindly exploring on my own and failing to capture the best entry and exit points, resulting in losses, it is better to recognize this and just follow my lead.
