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【BTC】
Bitcoin has been fluctuating here for about two days, with the retracement not being large, and no further breakthrough has been made. Since breaking above the left shoulder, the top pattern has become unclear.
This morning's pullback filled the vacuum zone from the early morning secondary rebound, further solidifying the continuation of this segment. The last two days of this week should be viewed with a weakened bearish mindset;
Last night, I exited the short position in time. The higher the position, the more complex the intermediate changes are. The main point is that the selling pressure at the head high point is less than the support below. I won't be doing any of those pseudo-magic tricks, drawing multiple lines. It’s just nonsense.
The short will continue to be short, and it must be sharp and to the point! But under the current situation of small-scale continuous expansion and the bottom demand constantly rising, rushing into the market is not advisable. As I said yesterday, be flexible and wait until the bearish liquidity disappears and the funding rate turns positive—then this rebound will end.
Around 77.5/78k, start a medium-term short position.
TP: below 74k