5.8 Bitcoin Analysis

To be honest, today's thoughts are really not easy to write. You could say it is at a resistance level, and indeed it is, but the upward performance is too exaggerated. Now it has directly broken through around 99300 with a big bullish candle, and no one can stop it.

I have said that whether it is an upward or downward movement, there are always opportunities. In our live broadcast yesterday, we synchronized the thought process and exited at 1400. Fortunately, we weren't greedy; otherwise, we would have been ground into the floor. The past two days have seen declines in the evening and rises in the morning, continuously breaking new highs. In fact, regardless of whether it goes down or up, we only need to capture our share. Just a fish; don’t think about swallowing it all. Eating the fish's body is quite good. Just like yesterday, we exited our short position, so no matter how much it rises, it has nothing to do with me. Therefore, don’t feel regretful; missing out may not be a bad thing. What if you got stuck?

In terms of technical structure, I believe the upward phase is basically complete. At this stage, we can look for a pullback. The upper resistance at 100,000 still needs strength to break through. We will first short at 993-998, and gradually at around 984-974. When it reaches the lower level, we can consider going long on the pullback. Let's first capture this short and then look at the next steps.

Follow the public account, "How to Solve Worries, Only Jiang Wei."

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