$BTC Recently, Bitcoin repeatedly surged to the top and then fell back, with the highest point reaching 78,300. 76,000 was a false breakout; after breaking through, it quickly fell back with no volume, no follow-up on holdings, and the futures premium disappeared. This is a typical "trap to lure in buyers before dumping."


Over the weekend, it moved sideways with low volume, sentiment was bearish, and leverage orders were still present. Once Monday's volume increases and it breaks below 73,200, it will trigger: a large number of stop-loss orders hitting the market, quantitative/trend systems turning bearish, and based on the judgment that a drop on Monday → continued decline over the next few days.
Short-selling strategy; try a light short around the current price of 74,000, add to the short if it breaks below 73,200, with a stop-loss above 76,000 (76,500), and take profits in stages at 70,000, 68,000, and 65,000.
A word of advice: currently, spot/accumulation traders should completely stop, do not buy the dip, and wait until the 65,000–67,000 range to consider adding in stages. Buying now is like "catching a flying knife." $ETH $RAVE $PIPPIN $ZEC
BTC0.12%
ETH0.03%
RAVE6.13%
PIPPIN-6.41%
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