7.11 Big Pie Afternoon Thoughts

Just woke up from an afternoon nap, and wow, the bears were directly hammered! The Big Pie shot up to 118400, and many of the short sellers must be trembling right now.

Little Zhuge would like to remind everyone: currently, it is not recommended to short this market lightly. The market is strong now, with bullish sentiment prevailing, blindly going against the trend can lead to losses.

Here are a few key points to remember:

If the Big Pie pulls back to 116800 and "effectively breaks down" (note that it's not just a spike, but a real failure to recover), you can consider lightly shorting, just to test the waters.

If it doesn't reach this level, don’t rush to short, don't lick the knife edge; the focus should still be on going long with the trend, while setting proper stop-losses.

If you really want to short, wait for it to pull back to 116000 and effectively break down—that will be the real opportunity for bears. Only then should you enter a short position, targeting down to 114500$BTC #BTC再创新高 .