Is the danger of Bitcoin lifted? Is it time to go long? Let's take a look with Shu Qin!

BTC has finally reached this CME gap, with a false breakdown to lure shorts, taking out long stop losses, and completing the turnover. Today it has already risen to 117800. So what should we do next?

From the pattern, Bitcoin is very likely following an AMD model, and the previous movements have all confirmed our earlier analysis. If this model continues, it could rise to around 120,000 in the green zone shown in the chart. We have already captured profits from this rebound after the false breakdown, and if you want to re-enter, you can look for a pullback, such as entering around 116600.

The only imperfection is that the CME gap has not been fully filled, just a little bit shy, so we still need to be cautious. Then we went long on Sol at 176, and today it successfully reached 186. I am very satisfied; taking some profits is fine, or you can hold the profit and aim for the second target of 192. Many friends have reported their success to me, congratulations to you all!