This Monday, I warned everyone not to short. Currently, Thursday, with the market at a divergence point between bulls and bears:
Based on the current trend of Bitcoin, bulls are still making a strong push. While the bullish attack is strong, the resistance above is also causing fatigue. Those who didn't enter at the bottom are still advised not to chase the rise. For long positions entered around 116,000-119,000, it is recommended to take profits in batches at 122,000. No one knows how high the tail market will go, so long positions at the bottom must be considered for profit.
Yitian's strength over the past few days shows that there are many false signals at present, especially with the recent FoMo (FoM) trend. Looking at Yitai 5000, it is more obvious that the trend is not strong. I still don't recommend chasing Yitai. Whether it can reach 5,000 isn't something you can predict; it's something that can only be broken through step by step. Furthermore, as time goes on, if the bullish uptrend can't be sustained over the next day or two, the risk will increase. Be aware of the possibility of a market reversal.
Sol also performed quite well yesterday, rising directly from the bottom of 175 to 210. Similarly, the Sol level is also a point of divergence between bulls and bears. As for the upper 220-240 levels, I believe it's a tail-end market move. Don't chase the market. Before the weekend, it's important to pay attention to whether the market is fluctuating at a high level or continuing to rise. Don't chase the market up or sell it down. $BTC $ETH
