But I just can't figure out why the number of long orders being blown up is getting bigger and bigger. Is it because all the short orders have been blown up? Besides, are the long orders blindly chasing to 90,000? In the past few days, it has been more than 79,000, more than 80,500, more than 88,000, and more than 86,500 last night. There are many positions. You can get 1,000-3,000 points with your eyes closed. Why did the position explode? I can only say that it is too greedy. Either the position is too heavy, full position, or it is too high.
Returning to the topic, the key support level of the big cake is 85,000, and the pressure level is around 90,000. A short-term correction will not change the upward trend. The correction is more!
The influx of major institutions has more bullish factors than shorts. From the four-hour structure, the retracement still does not break the upward trend, and it has gone out of shock repair to accumulate power for the sprint to the high position.
Afternoon operation suggestions:
Bitcoin is long around 86500-87000, target is 89000-90000
Ethereum is long around 3100-3120, target is 3250-3300