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$BTC BTC surged to around 63000 in one wave, that's already 5000 points! Is this a bull market reversal or a short-term rebound?
My analysis: after three bottoms in this wave, after clearing longs, it's time to clear shorts! I see this rebound targeting the range of 68000-70000, then there will be another short-to-medium-term pullback, which may also preemptively digest the market volatility caused by the Fed's rate hike, and then continue upward! That will be a true bull return.
Therefore, the short-to-medium-term strategy is mainly long positions, supplemented by short positions! We must follow the market trend and trade the swings.
We close all orders within the day to avoid unnecessary trouble caused by overnight positions.
Starting from July, we have a good beginning! So far we have a perfect winning record! We keep it up! This is the beginning of slaughtering the whales!
$BTC