If you're wrong, you must admit it, and if you get hit, stand at attention
Yesterday's thought process led to a small loss and exit
This morning, we conducted a thorough analysis of the real-time market structure, combined with the actual situation of our fans. Although we still maintain a bearish view, based on the current market data, we have not yet reached our entry point for shorting. Therefore, based on the real-time market analysis, we suggested to go long at the current price of 114200 this morning. The highest was 115400, a range of 1200 points, and friends can freely take profits.
So the question arises, where is our entry point for shorting? Previously, we mentioned that 116000 is the strong resistance level for this rebound, and the market has basically reached this position.
Based on this, BTC's operation suggestion for the evening of August 4: Short at 115500 - 116000, with a stop loss of 800 points and targets at 114000 / 113000 / 112000
