The market has been oscillating at a high level for a long time. I believe many traders shorting are often getting stopped out and not making significant profits. Those who shorted at 83-86 are also close to giving up. First, congratulations to those who started from 7 and have captured the whole trend of over 20000+. Don't be discouraged, friends at the 🈳head.
Back to the market: This position is very close to the last highest point, which is 96500. Perhaps within the next 3-5 days, market makers will spike up to wipe out all the shorts that have set stop losses here. If there is sufficient capital, it may rise above 97 to acquire liquidity. It won't hold steady before we see a large-scale pullback.
Btc opening suggestion: Short at 96444, add position at 96800, add position at 97200.
Opening thoughts: Currently, there has been a rebound of over 20k from the low of 74-95. Chasing long positions here is obviously irrational. Even the lucky longs at (905, 918, 92, 93) should not be placed. If you want to sip some soup, it may cost you your life. Once there is a large-scale pullback, your assets may severely shrink or even lead to liquidation.
If you don't understand the market, don't trade. The market will always be there. Observe more and act less. Don't be greedy or impatient. Contentment brings happiness. If you have chips in hand, there will always be opportunities.
Finally, let me share my lucky little cat. Unfortunately, Binance does not support GIFs.
