Post
分析师舒琴
·
--
Something happened... Bitcoin has fallen below! Is a bigger crash ahead? Should we short it now? Slow down, please listen to my words.
1. The current market situation is actually very, very dangerous; the previous two liquidations were due to misjudgments. As shown in the chart, Bitcoin experienced a secondary bottom test after the previous two crashes, ultimately not breaking the previous low but instead rising to a new high! Will it be the same this time?
2. The deeper I understand the cryptocurrency market, the more I realize how market makers exploit human nature to harvest profits. As mentioned earlier, the reason it's called a secondary bottom test is crucially about this 'test'—to see if the buying pressure at the bottom can withstand the selling pressure.
3. So the situation has become very clear. Yesterday we discussed that if we break below the previous low support of 65,000, we can short it down for a while. Now that it has dropped 2,000 points, it's not advisable to continue shorting here because the previous low of 60,000 hasn't been broken, and we can't stubbornly believe that it will definitely lead to a massive plunge.
2. The deeper I understand the cryptocurrency market, the more I realize how market makers exploit human nature to harvest profits. As mentioned earlier, the reason it's called a secondary bottom test is crucially about this 'test'—to see if the buying pressure at the bottom can withstand the selling pressure.
3. So the situation has become very clear. Yesterday we discussed that if we break below the previous low support of 65,000, we can short it down for a while. Now that it has dropped 2,000 points, it's not advisable to continue shorting here because the previous low of 60,000 hasn't been broken, and we can't stubbornly believe that it will definitely lead to a massive plunge.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.