Shu Qin: Is Bitcoin getting difficult? Failed to break 65k! Is the upward trend coming to an end? How to operate now, come and take a look.

1. First, let's talk about short-term trading. Bitcoin's resistance at 65k is very strong, and it's normal not to break through once. It’s very likely to test it again later, and if it breaks through, Bitcoin will most likely reach around 70k. So the question is, can we go long now?
2. Yes! But be more conservative. A good entry point for going long is definitely our old friend, 62.3k. We've already tried once here, and we can try again on the second attempt. Aggressive traders can also look at 63.3k, which has some support, and try with a small position.
3. Bitcoin's rebound trend is quite good, but Shu Qin is worried that the US stock market might rise too much and then pull back, dragging the crypto market down. As for shorting on a pullback, we've already shorted around 65k once, and doing it a second time might be less effective. Just trade lightly; for safety, you can short around the previous high of 67.3k.
4. Actually, for swing arbitrage, our subjective will isn't that important. As long as there's strong support, we can add to our long positions, and at resistance, we can short. Even if it's a genuine upward or downward trend, there will be pullbacks or consolidations along the way.
5. Recently, Shu Qin advised everyone not to rush into shorting at 63k. Be patient and wait until around 65k to short. As shown in the chart, we indeed shorted here, and if we catch another 1,000 points, making a few trades daily, the profits will come. As long as you know how to operate, making money in a bear market isn't any worse than in a bull market.