Recently, the Bitcoin market has been quite good. Long Ge mentioned in the last article about a high short strategy, and at this stage, Bitcoin has reached a very critical position, 80000-81000. Why do I say this? Because at this stage, Bitcoin is a cash pool for big players. Through constant high selling and low buying, many investors' costs are continuously being lowered!

Bitcoin shows a trend of starting from the daily chart, and recently altcoins have also been stirring, like Dogecoin where some whales have significantly increased their holdings! Bitcoin also has large investors increasing their positions at the 84000 mark! Currently, Long Ge's view is still a high short strategy because the 89000-90000 range will be a very strong resistance level. As long as Bitcoin does not break through this resistance level during this period, it will experience repeated ups and downs! Therefore, for swing trading, one can open a short around 88000, with a stop loss at 91000!

WIF shows an upward trend, and Long Ge previously mentioned going long at 0.5 should be profitable now! We just need to see if it can break through 0.6!
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