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At the moment, BTC’s formation leans strongly bullish. We’ve been looking long from 58,000—adding longs all the way up: long at 61,800, long at 62,500, all the way to around 67,000—fully taking down the entire small bull cycle! A trend of nearly 10,000 points.
Do you still remember ETH? We also said that the big July cycle would see a rebound: long at 1,560, long at 1,760, long at 1,830, with the high reaching around the 1,950 area.
That’s nearly 400 points of room—truly precise direction, taking it by following the trend and nailing it!
And right now, BTC is in the 68,000 to 70,000 range, which is a dense liquidation-and-entrapment zone with heavy sell pressure. A lot of people are looking for it to go above 70,000, but Big Brother still can’t see that happening yet!
So as it moves into the 68,000–69,000 range, short in batches and take a small to medium-term hold is still totally fine.
For ETH, above the 2,000 and 2,200 range is also another entrapment area for many spot holders. This time, it won’t be able to push up to 2,200.
Shorting in the 2,000 to 2,100 range is also a very considerable position. Worth a try.
$BTC #特朗普同意Clarity法案纳入伦理条款