US stocks have fallen for three consecutive days, and Bitcoin has broken below the key support of 88,000 📉 Currently consolidating at 88,000, can it provide a rebound⁉️ The short positions have already been detailed in last night's post after taking profits at 88,000, explaining what a zigzag decline is 📉 During the long and painful downtrend of dull knife cuts, accompanied by countless quick rebounds, it confuses bullish traders into entering, only to violently drop again, breaking new lows, constantly trapping and harvesting the cautious bulls who bought in during the previous bull market after a rebound from the decline. This type of bullish user made substantial profits in the previous bull market but has not been harvested 🩸
So now is the time to clean up these types of bulls, and I estimate that this wave of short positions can reach 86,000, so I choose to take profits on all short positions at 88,000, adhering to the trading principle of wide profit-taking without eating the last bit of market movement. I believe this short position is indeed exceptional, and all technical operations have reached a top-level standard.
From the first wave of short positions entering at 106,000, taking profits at 91,000 To the second wave of short positions entering at 102,000, taking profits at 94,000 Then today, this third wave of short positions entering at 98,300, taking profits at 88,800 💰 After taking profits from the three short positions, we can re-enter short positions from higher levels. It can be said that not only did we capitalize on a wave of the downtrend, but we also clearly identified the ups within the downtrend, missing nothing, maximizing every market move, and almost optimizing the profits from every fluctuation to the fullest extent 👌 $BTC
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