8.25 Monday Morning Thought Analysis
Last night, the entire network publicly warned of a Black Monday, suggesting to first short and then go long.
Sure enough, after the clock turned, there was a big plunge, dropping more than four thousand five hundred points. After the spike, the entire network again publicly suggested to enter long positions near the 112400 point line, and so far, we have already captured nearly a thousand points of space. The long position in Bitcoin is still held, continuing to look up.
The spike has been completed, and the current situation is very clear. Just look for the rise. The first take profit level is initially set near the 114500 point line. After breaking through, continue to look up to 115500, and then see if it can break through the new high from a few days ago.
However, it is worth noting that the rise will be accompanied by pullbacks; it will not be a continuous rise. Otherwise, it will be like a house of cards, and when it collapses, it will happen very quickly.
The overall thought process is primarily focused on going long at low levels. Just let the bulls do their job.
