Heavy Reminder!

This week's volatility will be significant

Be especially careful when trading

This morning, BTC officially broke through 110000, and it is still uncertain whether it can stabilize above 110000. If it stabilizes above 110000 and successfully breaks through 110600, there is a chance to rise above the descending channel line. Once it stabilizes above the descending channel line, it may approach 112000. Therefore, everyone should be especially cautious when trading.

The coming week is crucial for BTC; it could be the last opportunity for BTC to find a bottom. This process will be accompanied by various washouts, back and forth pulls, making trading very challenging with various profits and losses. So, recently, avoid big positions; it's okay to take profits and run to avoid a profit reversal. Today, we need to pay attention to whether we can stabilize above the descending channel line. If we can't go up, then we can continue holding our short position at 110400 and catch a significant downturn. If it stabilizes, then I will exit at breakeven and choose a higher position to short. I firmly believe that the bottom has not yet appeared in this round, and it is highly likely to appear this week. So everyone should pay more attention and proceed with caution when opening positions.