24.11.10 Bitcoin Breaks 80K Soon, Long Short Position Begins
【Market Review】
1. Yesterday, Ethereum surged to 3000, while Bitcoin lingered around 7.8 with little movement. I mentioned that there was a high probability of another upward wave, so we must be cautious with this type of market fluctuation. Therefore, I had everyone short at 3035 yesterday, and we eventually stopped out at break-even, which was a close call.
2. Today, looking at the market, there was a pullback, so I set up a full position short near 3120! The stop loss was set at 3210. I didn't dare to let you open this order, but I hinted that you could consider shorting at 3140. As a result, this afternoon, it was directly pushed up with a spike, and the stop loss at 3210 hit a maximum of 3220, now it has come back to 3160... The order showed a significant profit retracement, I can only say the main force knows how to play.
3. Meanwhile, Bitcoin surged directly by 1500 points within 10 minutes from around 77800, reaching 79900. Just one step away from 80K. At this point, I realized that our long-term short position opportunity was approaching. The reason I haven't had you short for a while is that I've been waiting for this last wave of madness, something big is coming. Let's lay it out directly!
4. This wave went short from 73650 to 66800, and then from 67188 to 79000, it has been quite difficult along the way, using profits to gamble, let the profits fly!
【Bitcoin Long Short Position Layout】
1. I plan to take two full-position short orders for the long short position layout, with the layout range around 79000-81000 and 82500-85000. Take profit around 70000-72000, with a risk-reward ratio of about 6:1. So if the first short hits stop loss, then place the second short at 82500-85000.
2. Directly starting the feeding operation:
79488-80167-80843 staggered short position layout, with a position allocation of 334, which means 3 layers, 3 layers, and 4 layers layout. Stop loss at 81501, take profit at 70588, with a profit of 10K points and a stop loss of 1600 points, risk-reward ratio 7:1.
3. Our iron fans group has already entered the first short position with 30% of the allocation, now floating profit at 800 points. If you want to enter, it might not be easy to chase, consider manually entering above 79000, not sure if 79488 can still be reached.
【Ethereum Long Short Layout】
Sync with Bitcoin. But it’s not easy to give points now. First, lay out Bitcoin.
If you want to short, it might be staggered short at 3250-3301-3327, with a stop loss at 3353.
