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$BTC The Bitcoin market has been extremely volatile over the past two weeks, deviating significantly from expectations. So I have temporarily exited the market to adjust my mindset, and I have now re-entered. Thank you for waiting.
First, to conclude, based on experience, I believe Bitcoin still has one last drop. There are two reasons: first, such a short bear bottom is unlikely; second, the structure and accumulation zone are not similar.
Most of the orders I send afterward are influenced by this judgment, and everyone can decide whether to follow or not.
Below is a trade I am currently holding:
Reason for opening the order: The large bearish candle at 9 a.m. on the 12th broke the upward trend since April 5th. Currently, the pullback to around 71,300 is just a retracement; the trend has shifted.
Suggestion: Short around 71,100
Take profit: 68,000
Stop loss: 71,600