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$BTC Dropped to 70.5k, successfully hit the take-profit point. Congratulations to those who followed and went short! Your persistence will bring you the greatest rewards!
Tonight, I set a whole number for $BTC long positions. In the morning, I almost got stopped out, but now at 71k, I’m watching to see if the market will give another chance to go long. On Sunday, the bulls’ volume accumulated over two days was completely wiped out. The main reason is that the US and Iran did not succeed in peace talks.
What will the market do next?
Personally, I will still try to go long between 70k and 70.5k, since this level previously acted as support, with buy orders all the way down to 69k. Only if it breaks the critical 69k level on the 4-hour chart will I consider shorting.