Bitcoin's dip last night was quite severe, directly breaking through the key support level of 103k, with a long wick candle reaching as low as 98888. The price is still hovering below this watershed, and the short-term trend is weak.
From a technical perspective, this 103k has now turned from support into resistance. If a rebound occurs, it will be a perfect opportunity window to position short orders.
Personal preference: Consider gradually building a short position in the range of 102.5k to 103.6k, rather than going all in. The initial target is the round number 100k, followed by around 99.8k. Remember to set a stop loss, and don’t hold on stubbornly during times of high market volatility.
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HodlVeteran
· 11-08 04:25
The feeling of old suckers falling into the box has come again, brothers buckle up first.
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TheShibaWhisperer
· 11-08 02:30
You want to bottom fish the fall again, right?
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BlockchainBouncer
· 11-07 11:07
It's a good drop. Don't hold on, leeks.
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ForkTongue
· 11-05 04:58
fall fall fall You all fall, I short positions lay win
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LongTermDreamer
· 11-05 04:58
Brothers, stay calm. This is just the first small wave of the Bear Market that has lasted for three years. Those who understand, understand.
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SchroedingersFrontrun
· 11-05 04:54
Cut Loss, wash up and go to sleep.
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RetailTherapist
· 11-05 04:51
Who understands how to reverse a position...
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ImpermanentPhilosopher
· 11-05 04:44
Is it the familiar fall fall fall trend again?
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PerpetualLonger
· 11-05 04:43
Rest assured! During this dip, I am increasing my position across the board! The bearish traders and retail investors don't understand what a bull run pullback is.
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CascadingDipBuyer
· 11-05 04:33
Entering the market just to play people for suckers is too tragic, right?
Bitcoin's dip last night was quite severe, directly breaking through the key support level of 103k, with a long wick candle reaching as low as 98888. The price is still hovering below this watershed, and the short-term trend is weak.
From a technical perspective, this 103k has now turned from support into resistance. If a rebound occurs, it will be a perfect opportunity window to position short orders.
Personal preference: Consider gradually building a short position in the range of 102.5k to 103.6k, rather than going all in. The initial target is the round number 100k, followed by around 99.8k. Remember to set a stop loss, and don’t hold on stubbornly during times of high market volatility.