Bitcoin Short Position Strategy Sharing (5.7)

Good evening, everyone! I am your Chen Changsheng. First of all, I am not sure if this is just hype or if the market really is going to reach 100,000. With the announcement of negotiations between our country and Beautiful Country, Bitcoin has fallen for three consecutive days, only to be pulled up by a long bullish candle this morning on the 4-hour chart. Three days of decline have not been compensated for by a single 4-hour candle. Just when it seemed to break down, it was forcefully pulled back up. After a pullback, it couldn't even go below 96,000. Today, it seems that 98,000 is very likely to be touched. Our short position at 97,200, although it didn't yield significant profits, at least resulted in a small gain before exiting. On the chart, 93,000 has become a short-term support level. The Fibonacci retracement is currently undergoing a second test, which is to see if it can hold above 96,800. Once it holds, the next target after breaking the previous high of 97,800 will be the significant 100,000 level, which faces strong selling pressure. So far, the market is still fluctuating within a range, so there isn't much to elaborate on. A strong bullish candle shows confidence in upward movement, indicating that the bulls currently outweigh the bears. On the 4-hour and weekly charts, there are potential KDJ retracement signal risks. Retail investors are not picking up the positions, and the big players will not easily crash the market. Therefore, avoid the previous high and lay low for short positions around 99,300 to 99,800. The target remains at 92,000 to 88,000. This trade is considered a medium-term position. The first trade after the holiday. Let's go, everyone! Up DJ! $BTC