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The more Bitcoin rises now, the more likely it is to experience a significant drop. Last time it was also a crazy surge in Ethereum, and then the ancient whales sold off and caused a crash. Anyway, I believe there will definitely be a big drop in September. So we can either enter at 111500 here or directly enter at around 111400 at the current price. Start with a light short position. Then add a short position every thousand points. Control the liquidation to add positions above 13. Use leverage of 20-30 times according to your own funds. Make a long-term investment. Hold below 10.5.
Currently in a consolidation phase for BTC and ETH. Therefore, we can only short with a light position. However, as long as the rebound does not reach 113600-114000, we can short. Going long is just a rebound from an oversold condition. If it drops down tonight, it will basically be around 108000.
The 110,000 short orders announced by BTC today, I made a typo and wrote 12 instead. But it should be easy to notice. It is currently in a pullback. I looked at the support at 118,600, and here I can reduce my position. If it pierces through the needle, it will go to a lower position. If it pierces the needle, it can run for an hour based on the needle position.
Talking about BTC at 4 o'clock, I placed an order at 119500 with a stop loss at 119300. This morning, there was a rebound, and it rebounded to above 120000, which was profitable. I was sleeping, so I set a stop loss. If I didn't sleep, I could have taken profits and reduced my position without incurring losses. Then it hit 118652, which is a position where one can go long, but I was asleep and missed it. There's nothing I can do; a person can't stay awake forever. I suggest reducing positions to protect profits around 120000. If there's a rebound to 12.1, go short. If you're anxious, go light on shorts at 12. Anyway, I don't think there's much of a problem below 10.8. After breaking down, there could be further declines. Currently, the market has already rebounded for shorts.
BTC continues to sleep, 109500 long position stop loss at 109300. If it pokes down further, it has nothing to do with me. I'm going to sleep, I'll continue when I wake up. The short position has already automatically taken profit, especially Ethereum, which ran at 4400. It can really crash.
After staying up late, BTC fell below 110,000, and after the rebound, I can short it. I have already exited and placed an order at 109,500 in advance. I will continue to sleep with a small position.
It's driving me crazy. BTC is so strong tonight. Instead, I made money on Ethereum, but I only shorted 1/3 of BTC. It's different every time; yesterday Ethereum was strong. Today it has weakened. The crypto circle is really not fun right now.
BTC is no longer interesting, 110,000 hasn't been broken yet. It seems a bit difficult to drop, especially with Ethereum still being so strong. Let's wait for 113,000 to short.
btc US stocks opened lower. This situation will either break through 110,000 directly to see what happens next, or it may not drop further and could rebound. I will watch the market and decide to go long; I have a long position at 109,500 with a stop loss at 108,000.
It's normal for BTC to bounce a little bit. Before the US stock market opens, it always does this. If it turns green after opening, it still needs to be sold. A bounce at 11.2 can be a good point to short with a light position.
BTC is now basically certain to have a major correction. There is another exceptional factor, which is Ethereum. Once Ethereum breaks below 4000, a deep correction will come. Be careful not to go long, especially on Bitcoin. Ethereum is a bit strong this round. Normally, Bitcoin targets 110,000, but it needs to reach 40,000, and it is still around 4500 now. However, we cannot rule out that it might drop directly in the next few days, so no long positions are taken. Shorting can only be done in small amounts to prevent a rebound.
The short position for BTC that was sent in the morning is now at 111,000. It can still drop. US stocks will also pull back tonight. Reduce positions if necessary, keep the remaining positions to break even and watch 10.8 for losses.
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The current price of btc is around 113500 for shorting. The stop-loss can be set at 114500 for a light short position.
BTC once again reminds you not to go long during this round as a big correction is coming. Although some people tell you that 110,000 here is strong support and you can go long, it's unnecessary. A sudden spike could wipe you out. Currently looking at 108,000.
In September, BTC will definitely drop below 100,000, so everyone should be cautious and only short the rebounds. The key focus now is the 11-10.8 level; once it is breached, a major pullback will begin.
BTC announced the order of 113500 in the morning, just broke below 110800, comfortably reduced positions by over 2000 points. The remaining part is to maintain the principal loss and continue to look down. If there's a spike in one hour, a rebound trade can be made with a stop loss of a few hundred points. Bet on the rebound and then around 112500 continue to short and look at 108000 and even lower. What interest rate cut expectations, this month will definitely have a second one, next month is sure to drop significantly.
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The current price of btc is around 113500 for shorting. The stop-loss can be set at 114500 for a light short position.
There is not much to say about BTC. The next major support is 110,000. If it breaks below, look for 108,000, then it will go bearish afterwards. If going long, set a stop loss around 110,500. If it breaks below, look for lower.
BTC short position at 113500 in the morning, now at 112200, you can reduce part of it here. The rest is at breakeven. There will be support at 11.2. If it breaks, prepare to make a bounce long at the needle position.