A 5,000-point retracement at midnight took away many retail investors who were chasing long positions. The higher the price, the more you should rush. You must be more respectful! The retracement from 93,400 to 88,000 stopped the decline, a drop of 5,400 points. The last time it retreated from the high point of 90,070 to 85,159, it was also a retracement of nearly 5,000 points. Is this a rule? As soon as Bitcoin reaches a new high, it is easy to retrace 5,000 points to kill the long positions chasing long positions? It is an opportunity. If it does not retrace or reverse, who would dare to buy more? Today, we will focus on the low position of 88,000 of the retracement. Relying on this position, we can buy more at a low price!

The retracement is not a reversal. You don’t need to be so nervous and remove the short positions. Otherwise, when the market is pulled up, the short positions will be damaged, and both the long and short positions will be damaged, and the mentality will easily collapse. In such a bull market, new highs continue, so there is no need to be afraid of heights, let alone guess the top. Just buy more at a low price! Don't chase high prices, and don't panic when there is a pullback. Think of it as reversing to pick up people. The current price is fluctuating around 90,000. The idea is to mainly rely on low longs at 88,000. Look up to 92,000 and 93,000. If it breaks, look at 95,000. The defense zone is 86,500.