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7.16 BTC thoughts
Today’s entry range: 64,800-64,600
Stop squeeze: 65,200
First target: 64,000
Second target: 63,600
I’m still bullish on “Kong” today. Yesterday’s BTC play was a bit heart-pounding. The moment it broke 65,500, how many people were shouting “bull is back”? What happened then: the pullback that was due couldn’t be avoided—straight down to around 64,600. I said it: the upside move pushed up from the news flow—first wave is people going crazy, second wave is the inspection. After that wick at 65,589 was stabbed through, it leaked, and the rest was a debt-repayment.
Those who chased late last night couldn’t sleep; those who got into Kong today are smiling while doing a replay.
Remember one thing: in this market, there are never a lack of brave warriors who chase highs; what’s missing are the people who dare to say “no” during the celebration. I never paint fantasies—I only draw lines. One end of the line is calm; the other end is the grave of the grass (#btc$btc ).