$BTC

Let me say one more thing about short positions against long positions, if you blow yourself up, then you purely deserve it.

After 4.12, the big market began to shift towards a bullish trend. I admit that I have tried many short positions and have incurred losses on many short positions.

During this period, going short on the left side, or selling at market price, all have a logic for shorting. I will first open a position and will not go against my own system. Before yesterday, the daily chart of the big market showed a top divergence, along with various bearish characteristics of indicators. I have mentioned this in my posts or live broadcasts and have analyzed it. I only shorted when there was technical support; from your perspective, you may see continuous shorting while prices keep rising, but during that period, I had no logic for going long except for finding short positions.

So, starting from 8 o'clock yesterday, when the four-hour chart broke through the 95800 level, it indicated that the four-hour chart no longer had any wave patterns. In other words, the indicators on the four-hour chart have lost their reference value, and now it is moving in a one-sided bullish trend. Therefore, after breaking through the four-hour five-wave high point, the wave pattern became invalid. Turning to the daily chart, the bullish trend on the daily chart is still moving in five waves, which means it is at a high point.

So after the four-hour chart broke through 95800 yesterday, the subsequent logic is that we can only trade the high points of the five waves, which means we can only go long. So I suggest everyone to hold above 96000 and open a long position.

This long position should aim for the 100000-102000 range. Only when it reaches this position can the daily chart of the big market possibly face resistance, or the daily five waves may actually be completed, because the volume-price relationship has been overly exhausted and is still not dropping. The four-hour wave pattern is also gone, so we can only trade the five-wave bullish trend on the daily chart.

Therefore, the long position aims for 100000-102000 to take profit, and then we will look to trade the bearish abc wave, aiming for a profit of around 10000 points.