Bitcoin short-term profit, 1200 points space secured!!!

Last night, Bitcoin successfully broke through the 70,000 mark, but it turned out to be short-lived, and now it is hovering around 69,000.

After making a short-term profit from shorting yesterday, I did not hastily reverse to go long, because I always feel that going long is unstable. In my career, I prefer to stay out rather than take risks on trades I am not confident in.

Since Monday of this week, the market has been closing positively. Many friends who are bullish might think this is a good start, believing that the bulls are back, but that is not the case. This is very likely a trap set by the market makers to lure in buyers. Looking up, there seems to be no room for growth, with the pressure at 78,000 above. The ultimate target for this year is around 30,000 below. Of course, it may not happen so quickly in the short term; it will take a long time of fluctuations, downward movements, and rebounds to complete.

I suggest shorting at around 69,200, with targets of 68,000 for the short term, 66,000 for the medium term, and around 64,000 for the long term.

A new year, a new beginning. Friends with dreams can find Cheng Ge to achieve them together.

Wishing everyone a happy Lantern Festival.

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{future}(BTCUSDT)