Let’s first review the trading advice I gave last Friday. My suggestion at that time was to go long on Bitcoin at 115,000, targeting 118,000, with both entry and exit points accurately hit. Since I provided the long suggestion, the price of Bitcoin has been rising continuously, and it broke through 119,000 once again at midnight last night, subsequently stabilizing above 119,000.
From the current market perspective, it is likely that the price of Bitcoin will hover around 120,000 for a while, and then there will still be significant room for decline, with an expected drop to the 115,000 level. If it continues to decline further, it could easily break below the 100,000 mark.
Therefore, my advice today is to short Bitcoin around 120,000 and hold it until around 115,000.
$BTC
$ETH $XRP #币安Alpha上新 #山寨季來了? #巨鲸动向
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