Bitcoin, as I previously budgeted, is testing the downward breakthrough of the integer level of 100,000. It is highly likely that it will drop to the 90,000 range in the next couple of days. Once it enters the 90,000 range, the main force will stop pretending and will accelerate the decline. Those with a bullish mindset will be liquidated and eliminated in the coming days. Opening short positions at highs is the right path.
Any bottom-fishing for a rebound in contract positions is like pulling teeth from a tiger's mouth. Going with the trend is the survival strategy for contract trading, and going with the trend does not mean chasing highs and cutting losses.
If you often trade emotionally and can't control your hands, you might want to try following my trades. I follow a 4-hour trend and have a strict stop-loss and take-profit strategy. My losses are mostly from small stop-loss trials, while my profits are steady gains from the trend.
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