$BTC The way it dropped below 80k yesterday and then quickly bounced back is a classic stop-loss hunting, washing out both the short sellers and the low-level long stop-losses. Bitcoin is likely to be in a top consolidation this week; don’t be greedy with short-term trades—sell when it rises, don’t expect to catch the full move. Today’s key level is 81,300; if it can’t break above, it probably will go lower; if it does break through, be cautious near the previous high, it might not be a real breakout. News like Trump’s visit to China is just a fundamental factor that’s being used to stir emotions and push the market temporarily; logically, it actually provides a better shorting opportunity. The overall downward trend remains unchanged. Hold your long-term short positions steadily. #Gate广场五月交易分享

BTC0.43%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned