$BTC Today, some brothers asked if Old Te can go long or how big the pie can be?

Old Te would like to respond to all the brothers here: currently, do not casually go long or short on the pie, 102550 will be an effective support!

Did everyone make money today? In the morning, we could see the pie reaching a new high of 106665, then starting to pull back. Now looking at the daily chart, today's small bullish candle has almost completely closed, but Old Te advises the bulls not to be in such a hurry to open positions. Currently, there is no effective support below BTC, and Old Te thinks there will still be a pullback, continuing to form a parallel bottom. Speaking of this, the brothers should understand that tonight the safest market is still to catch the needle; the position has already been marked at 102555 to catch the needle long position. Old Te has also been following his own ideas, such as the downward trend line drawn last week, which he mentioned would continue to look bullish once this downward trend line is broken!

For example, when BTC broke through 10,000 USD in 2017, the brothers all thought it couldn't go up. A large number of shorts appeared around 9930, and a lot of fuel directly pushed BTC to a new height. We need to understand that the entire market consists of two parts: one is the big players and various institutions, and the other is retail investors. Who are the big players making money from? Obviously from retail investors, who fall into various short and long traps. This is also the reason why Old Te updates daily, to remind brothers not to step on landmines!

Currently, the effective support for the pie is at 102555, 100600, and 99300. These three positions will be the key focus for Old Te. In the short term, Old Te will consider entering a small position at 102555, adding to the position at 100600 to avoid missing out, with the stop loss set at 99300. Old Te suggests a leverage of 30x-60x. Leverage is often not the tool for making money; direction is. Old Te has always emphasized one thing: as long as the direction is right, just go for it! #BTC再创新高 #BTC重回关键位置后走势