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The strategy shared publicly yesterday was to short around 81,700.
As a result, the market didn't reach this entry point, and once the US market opened, it dropped sharply.
In our live trading account, we decisively entered a short position at the 808-810 range, aiming to break below 80k.
Last night, the lowest point was 79,800 before it started to rebound.
We captured the target of this short-term short position well. $BTC
Let's talk about the recent market trend again.
That sharp decline last night was obvious to everyone—it's mainly the main players shaking out positions, specifically clearing out those chasing new highs and breaking through longs above.
They killed off a wave of longs chasing higher.
But everyone can also see that there are many short positions below, so the market can't undergo a deep correction.
Today, it started to stabilize and rebound, moving in a slow upward rhythm.
Based on this trend, my plan today is very clear—buy on dips.
The recent market is likely to remain in a sideways pattern, unlikely to break new highs unilaterally, so don’t chase orders recklessly.
The entry zone for long positions today is set at 80,500-80,800, with a stop-loss near 800 points, just below last night’s low, using tight stops to maximize profit potential.
The first target is 81,800; once reached, reduce positions and move the stop to protect gains.
Then look for a breakout target of 82,300–83,000. $BTC
Finally, a reminder: don’t rush into breakout trades now.
As I mentioned yesterday, the long positions are too heavy right now.
The main players need to repeatedly shake out and clear out the chips, washing out the floating positions, before they can break previous highs and push higher again.
If the market reaches a high and breaks the previous high, chasing longs immediately is too irrational!
That’s all for now.
Brothers, please help support the channel by giving a like to boost the popularity.
If you want to join the live trading account and follow the trades in real-time, comment with a 1.