Hello everyone, please come take a look if Bitcoin is below 70k and altcoins are below 3000 for long or resistance positions.

Since there is no pressure above Bitcoin, determining at which point Bitcoin will suddenly reverse has become the biggest challenge.

In this state of rapid rise, when it suddenly drops, would you still dare to catch it? This is another dilemma.

Are there any good methods to judge the market direction? Personally, I think there are two.

1. Buy a minimum quantity of altcoins or mainstream coins that closely follow Bitcoin, such as Doge, BNB.

If this coin has a floating loss of over 10% without a pullback, Bitcoin is likely to correct or fluctuate. At this time, long positions should reduce exposure to preserve capital or close out. If there is not much floating profit in one or two days, there is no need to panic in long positions; the probability of Bitcoin fluctuating upwards is slightly higher.

2. Open a short position at the lowest contract price for BTC with ultra-low leverage! Are you out of your mind? Opening a short at this time?

Open a low leveraged short position near the lowest contracts of 8.0, 8.1, 8.2, 8.3, 8.5 for Bitcoin, with a stop loss of 500 points. If 10x, limit price or market price short at $15.

If the ant's short position is floating profit around 30% without retracement, Bitcoin is likely to correct. If Bitcoin falls more than 4 points, it generally breaks through the short-term support level. The larger the floating profit, the higher the probability of bulls turning bearish. Close all long positions to secure profits, and when the time comes, switch resistance to short with a stop loss.

If the ant's position is liquidated, then the bullish sentiment remains unchanged, and long positions should continue to be held.

If the ant's position fluctuates within a 30% loss and the trading volume is sluggish, be cautious. Close half of the long positions to preserve capital or close all.

In this market, using a small ant position to judge the main force direction is the optimal solution. After all, shorting Bitcoin at the ultra-low leverage lowest price results in a small loss, which is definitely better than facing a liquidation.

The dog owner won't kill you; ultimately, they make you stronger.

Control your greed and avoid entering a FOMO state.

Hope this can help all you brothers.😀