Yesterday, I shared that a large Bitcoin short position at 81,500 points hit a 500-point stop loss, and no new positions were opened afterward. The US stock market opened low and then rose. Currently, the Bitcoin price is also moving along with the US stock market, and it seems to have stopped falling. There are signs of a bullish reversal, and I still believe that the bull market is not over. Currently, Bitcoin is in the range of 85,000 to 76,500. If the CPI data tonight is negative and does not break below 76,500, there will be no problem, and we can go long directly, setting a 1,000-point stop loss for a chance to gain over 5,000 points in profit. A sharp drop below 68,000 also gives us an entry opportunity; if it falls below 68,000, we will exit and cut losses. Spot traders can buy every 2,000 points at 80,000, 78,000, and 76,000. Currently, Bitcoin shows a double bottom pattern on the four-hour chart with a divergence at the bottom, indicating that bulls have a chance to seize further opportunities. I entered a long position last night in the early morning, but it was too late to announce it. The take-profit level is currently at the 88,500 line. $BTC
As for the second Bitcoin, I’m not considering it for now; it's too soft and weak. Buying it is not as good as buying SOL. This round of market is extremely soft.
