Watching the clearing point to trade, you will definitely not lose.
For those who want to catch the flying knife (go long):
Don't rush to go all in right now. The current $68,650 has just grazed the 'fat meat', and the main force may dive down to around $67,800 for a final panic. It is recommended to place orders in batches at the spike positions of $67,800 - $68,200.
Stop loss: Stick to $67,300. If this position breaks, the abyss below is $65,000, don't hold on stubbornly.
Target: See $71,500 (the starting point of the concentrated area for short liquidation).
For those who want to go with the trend (go short):
Opening a short position at this level (around $68,600) is extremely unprofitable. You are opening a short in the most concentrated area of long liquidation, and you may encounter severe short covering (a rebound) at any time.
Ideal short point: Wait for a pullback to the range of $71,000 - $71,800, and if it can't go higher, then re-enter, which has the best cost-effectiveness.$BTC
