Good morning to all the investors who were fooled by the square $BTC
😩 The big pancake has once again reached a new high, and those of you who were misled by the square to short have not only missed this wave of increase but also lost money, doesn't that make you angry?
✅ Yesterday's strategy was to buy on the dip, and as long as it doesn't break 109800, it is still safe, and we continue to look upwards to break 120k.
✅ Currently, the most ideal situation is to short above 120k, then buy back near 110k, and hold until 135k to enter the bull tail, which is likely the trend for the next 2-3 months.
✅ How to operate next
1️⃣ First, after entering a high position, the market maker will have a distribution operation, which means selling off during a high-level consolidation. If this operation doesn't happen, what is the point of the market maker pushing the price up? Therefore, if you are still in cash, you should remain in cash, and after forming a high-level range, you can make a judgment.
2️⃣ After re-measuring today, it was found that 117500 is the target level resonance for the uptrend that started on May 7 and June 23, and it may not break 120k; 117500 could be the local high, so if you have long positions, you definitely need to take your first profit. For aggressive traders, you can short at the current price of 116000, with the stop loss set at the new high. My suggestion is to form a range and then take a look.