Pay attention to risk control! Bitcoin suddenly changed its market and started to test the $90,000 mark again. This time, it is easy to break through the trend! Once it breaks through, it is likely to reach 91,000 or even higher, so those who hold short orders can make a small amount of reverse orders. On the one hand, it can raise the liquidation price, and on the other hand, long orders can make profits. When it reaches a high position, stop profit and make a reverse order.

Of course, if the position is light enough, you can make up for the position near 91,000, and the liquidation point must be above 95,000! The position must not be heavy. I have repeatedly emphasized that the currency circle is not as good as gold trading. It is very normal to control the market and insert the pin. The purpose of position management is to avoid these situations. Many people say that it is better to set a stop profit and stop loss. Unless you are lucky enough, any pin can directly stop you. There is no difference between multiple stop losses and liquidation!

Some time ago, my short position operation, through covering positions and increasing margin, pulled the comprehensive average price to around 88,000, and stopped 60% of the position at the first target of 85,000. Although it is currently in a floating loss state, it is still possible to short at highs. The order entered the market near 91,000, and the average price was pulled to around 89,000. The liquidation point should be controlled above 95,000.

Many people do not understand why the market is so strong, why they have been shorting at highs. On the surface, I am betting on the market, but in fact, I am betting on human nature! In the past month and a half, Bitcoin has almost doubled, and hundreds of billions of dollars of funds can support the current price. From this aspect alone, it can be reflected that the price caused by market consensus is not the market-recognized price, and it has deviated at present. Pay attention to the risk of a sharp drop after a surge!

After the Bitcoin market changed, it fell easily and directly liquidated more than 500 million US dollars in long orders! This shows how high the market's sentiment for chasing the rise is! Many people don't know that the essential logic of trading is to follow human nature, which is actually against human nature!

After the Bitcoin market changed, it means that it began to fall. The extent of the decline mainly depends on how much it rose before and how it rose. Now, the decline has just begun!

Many people know that the Federal Reserve has cut interest rates normally, Trump has won the election, and Musk has also taken off, but their benefits will be overdrawn sooner or later, and will return to the market consensus price that Bitcoin should have. At least I don’t think that more than 85,000 is the normal price of Bitcoin at this stage. 75,000 is normal!

Regardless of the perspective of rise and fall or the profit and loss ratio of long and short orders, there is no problem with shorting Bitcoin near 90,000 at this stage. The space for rise and fall is completely not at the same level, not to mention that it is now in a downward trend.

If 90,000 is not broken, shorting will have an absolute advantage. Although I have taken measures to cover positions and increase margin, I have finally completed the layout of high-level shorting. The average price has reached around 88,000. The first target of 85,000 has reached the profit of some positions. The second target is around 83,000. The commission has been made. Whether it is easy to reach or a pin market, this point profit is also very cost-effective!

If it is a pin market, then wait for the next decline to clear all positions. If it is a gradual decline, there is still a lot of room for decline. A small part of the position can continue to be held. All positions can be closed around 81,000 to stop profit and end this trading strategy.

This time, there is no complete bottoming out and stabilization. There is no shock market. The risk of going long in the short term is still very large. It is better not to do it than to operate blindly. Anyone in the trading market can win, but cannot afford to lose!

Warm reminder: The Bitcoin reversal signal has appeared. Will you be able to benefit from this market trend? After testing the 90,000 mark, Bitcoin has shown weakness and decreased volume, indicating that even if it rises, the space is very limited. Therefore, shorting near 90,000 has a very good risk-reward ratio!

I wonder how many people have entered the market around 89,000 Bitcoin. I have made three additional purchases, bringing the average price to around 88,000. To be honest, the surge in the past few days has indeed been unexpected, and position management is particularly important!

Here, I want to share some trading insights. Some people are indeed quite extreme; they do not allow any trading mistakes, and even unexpected market strategies are not acceptable. These people may not understand the essence of trading at all. Trading is about betting on probabilities; there is no certainty in profit, only relatively certain market trends, which is the trend trading I am doing now.

The core practice of trend trading is proper position management, adopting suitable trading strategies based on different market conditions. As long as the predicted direction is correct, place your orders and strictly execute your trading strategy; the rest is left to time.

I have previously mentioned that in the crypto trading sphere, it is best not to engage in short-term heavy positions for take-profit and stop-loss trades. A random spike can easily trigger your stop-loss. Multiple stop-losses are equivalent to liquidation, which is meaningless! In trend trading, stop-losses are basically not considered. Instead, it involves adding to positions after reaching certain target levels, like this time Bitcoin reaching the 90,000 mark. For short-term trading, heavy positions, whether short or long, have not really brought much benefit. This is the essence of why ordinary people cannot make money in trading!

The longer the time, the lower the win rate relatively, and the more frequent mistakes occur. Knowing that I am an ordinary trader and understanding that speculative trading ultimately does not earn money, the unchanging goal remains an addiction to gambling, with an excessive sense of luck, just like buying a lottery ticket, hoping for that one in ten thousand or even one in a hundred million chance.

Returning to the Bitcoin market, the current trading remains to short at highs. I personally do not have a bearish view on Bitcoin; it's just that shorting at this stage offers more space than going long. The first target for take-profit is around 85,000, and the second target is around 83,000. Place your orders and patiently wait!

Last night's unexpected surge in Bitcoin, did those who went long definitely make a profit? The trading market continues to exist because the liquidity of funds is very strong, and only a small portion of people consistently make money; the vast majority either make small profits and incur large losses, or just break even.

Since Bitcoin broke past $80,000 and easily surpassed it, I knew there would definitely be room for growth, just not sure how high it would go. Last night's continuous strength was completely beyond trading expectations, resulting in significant unrealized losses. However, the trading strategy remains unchanged; I acknowledge if it really blows up!

Here, let me educate everyone on position management. I have mentioned several times in previous articles that position management is very important in trading. If you haven’t learned this point, trading is no different from gambling! Position management varies according to different individuals, different trading strategies, and different risk tolerance. For example, in my case, with $10,000, I would first take out $5,000 for trading, entering at three price levels in a 3-3-4 format. Generally, I can enter two price levels, and once I enter the third price level, it means I am heavily invested. At this point, I need to increase the margin with the remaining $5,000. If there is still no reversal, I have two more opportunities to add to my position, and the rest is just waiting for a pullback.

For example, in the current market, I have already added margin and made additional purchases. If there is another sustained rise, I will open a short position to raise the liquidation price. Once a pullback is confirmed, I will directly close the short position and continue to wait with the previous position until I make a profit.

Of course, some people prefer to take profits and stop losses, but if you don’t operate carefully, you may always be on the path of stopping losses, especially with Bitcoin's spike market!

The above is my trading strategy; perhaps you have a better way of managing positions, feel free to share in the comments. Of course, aside from position management, the first entry point must have a good cost-performance ratio; otherwise, subsequent additions will seem meaningless.

Bitcoin is currently in a crazy surge state, and the market is also in a frenzy. Any operation at this time will have no basis and can only rely on predictions. I am still strictly following the previous trading strategy, shorting at high points when they are reached, and I do not give trading advice; just follow your own strategy. By the way, do you dare to go long on Bitcoin at this moment?

Now you see the Bitcoin of 82,000, are you sure it will still be this price before the end of 2024? !

I don’t understand why many people are so optimistic that Bitcoin must reach 90,000 US dollars? Who gave you the courage! To be honest, there is indeed no pressure to pull up at this stage, but do you want to think that the dealer wants to pull up now? ! Definitely not, because not many people enter the market!

That’s all. If you understand, you may not need me to explain too much about how to operate. If you don’t understand, just ignore it as nonsense! In the financial market, always remember one sentence: There is no emotion, only interests!

I don’t know if the partners who read my article have deeply felt the cruelty of the financial market. I must have experienced it, more than once! So I understand the nature of the trading market very well! The whole circle may not be willing to tell some facts, I decided to tell, and only tell the truth!

The essence of the trading industry is the same as gambling. The awesome people can make money in the casino, and the rest of the group is the casino's ATM! The same is true for the trading industry! Whether it is the currency circle, the foreign exchange market, the futures market, the spot market, or the stock market, they all have the same logic and essence!

During this period, I have been shorting Bitcoin. On the one hand, I want to operate from an anti-human perspective. On the other hand, Bitcoin has risen too much in the past period of time, and a correction is needed to ensure the future surge! What I bet on is the correction before the progress of the surge, and the strength will definitely not be small!

Next market operation suggestions: I have entered the market, and the current position price is around 81,000. I will enter again around 83,000, and 85,000 is my bottom line! If it really reaches this price, it will be my extreme operation. Either reverse the order or increase the margin to continue holding!

For me personally, after doing so much trend market trading, stop loss will hardly happen here. The stop profit position I need can be adjusted, but it must come! 83,000 may come, but the position below 80,000 is more expected!

What price can Bitcoin reach this time? Can it stabilize at 80,000 with such strong upward momentum?

Currently, Bitcoin is continuously creating historical highs, easily breaking through the 80,000 mark! The current Bitcoin trend is similar to the gold trend from two months ago, breaking historical highs every day with almost no significant pullbacks. The difference from gold is that gold has a very large market capitalization, whereas Bitcoin's market capitalization is relatively small, making it more susceptible to manipulation and harder to predict.

In the current market analysis, there are no signs of a pullback for Bitcoin. Since Bitcoin is at a historical high, there is no reference point, and analysis can only rely on data.

The market sentiment is currently very complex. While Bitcoin is surging, the volume of long liquidations is not significantly different from that of short liquidations. Moreover, in Bitcoin's recent trend, there are no very obvious spikes or pullbacks, and the biggest possibility for long liquidations is speculative trading with heavy short-term positions. In simple terms, long traders are not entirely certain of a bullish outlook, which reflects a bearish market sentiment, while the market manipulators are making counterintuitive upward moves!

Once it breaks through 80,000 and stabilizes, the upward space is actually quite large, as there is no pressure above. The only pressure comes from long positions, and those operating at historical highs are taking on significant risks, making it only suitable for short-term speculative trading. For market manipulators, there is not much pressure to push the price up. The spot market for Bitcoin also does not show significant selling pressure, so Bitcoin's rise is quite normal.

The possibility of Bitcoin reaching around 83,000 is very high, which is also the point where I will add to my position. 85,000 will be the absolute pressure point at this stage; if it reaches that level, the cost-effectiveness for shorting will certainly be there. Continuously monitor the market trend and see if 83,000 can be easily reached.

The more aggressively it rises, once it changes direction and pulls back, the magnitude will also be very large. In trading, you can profit not only from price increases but also from price decreases!

A signal for a Bitcoin trend reversal is about to appear; don't miss this wave of market movement! Currently, the Bitcoin price is around 77,000, and although it's a rise on low volume, it's steadily increasing.

The U.S. presidential election that happened in November has concluded. Although Trump is a supporter of cryptocurrencies, that does not mean he will spend time focusing on them, especially since initially, he was more interested in gaining votes! In any case, this positive news is basically over. The Federal Reserve's interest rate cut is also a normal operation, completely within expectations, so the positive impact has not been reflected in the coin price, or we can say the price trend is very conventional.

In previous articles, I have shared my views and trading advice. I still believe that this time will not lead to a sustained rise into a major bull market; before it truly begins, there should be a significant drop to wash out weak hands! Especially since we have already entered a new phase of rising, the pullback in market activity is actually more cost-effective.

Personal trading operation advice: Start entering at the first target around 78,000, and enter the second target around 80,000. If there is a pullback, the first target for taking profits is around 73,000, and the second target is around 70,000. Assess according to your own risk tolerance; you can also consider taking profits in portions, using trailing stops, and other strategies.

Currently, the Bitcoin market has stabilized around 75,000, which means that any subsequent drop will be met with a corresponding rise. One can only say that with Trump's endorsement from Musk, it will not only change the global landscape in the coming years, but the cryptocurrency market will also ascend to a whole new level in the next few years, with the overall scale at least doubling!

At this stage, although Bitcoin has risen a lot, one should not have the mindset of shorting at highs. It's like a war; one side is advancing rapidly, and you instead believe that this side will soon start to retreat. There is a time to withdraw, but it certainly isn't now!

In previous articles, I mentioned that once 75,000 can stand firm, the next resistance levels will be 77,000-78,000. Currently, reaching this will not be a difficult task. Based on the current trend, it seems that the big bull market has arrived, and this stage is merely the opening of the true bull market. It does not mean that prices will always rise; one must not blindly chase highs.

In trend trading, what we seek is certainty in the market. The most important thing is to grasp the reversal signals, entry points, and position management. Focus only on entry and exit points, ignoring the process in between. At this stage, it is not suitable to chase highs. After all, there has been a significant rise, and we should wait for a pullback signal. Shorting at highs in the coming days can indeed capture a wave of market action, but such operations are indeed counterintuitive, and that is trading.

The Federal Reserve's interest rate cuts completely align with expectations, progressing normally. With Trump in power, the world will move towards harmony, gold has begun to retreat, and the overall outlook for the stock market and cryptocurrency market is positive. Bitcoin at 100,000 will no longer be an unattainable price!

Bitcoin trading advice: Temporarily be patient and wait for Bitcoin to reach the 77,000-78,000 range. If there is a volume contraction in the rise or a spike test, you can generally place an order to try entering. If it reaches without a reversal signal or without a decrease in volume, continue to wait. 80,000 will be the second target. If it really gets here, the cost-effectiveness of shorting will be very high, and one can make a significant profit!

No matter what the highest price Bitcoin will reach in the future, before the real bull market in 2025, Bitcoin still lacks one major drop. This could happen before the end of the year or during next year's 3/12. Opportunities will come; do you have the patience to wait for it?

Trump's victory is highly likely, as I mentioned before, it is definitely beneficial for the crypto market. Bitcoin has strongly reached 75,000; can it hold this level at this stage? The next two to three days' trends and volume will determine.

This morning, I just posted an analysis of the possible scenarios for the U.S. election. If Trump wins and breaks through 73,000, there is a high probability it will reach 75,000 directly. In the afternoon, Trump won, and Bitcoin surged 10% today! This is also thanks to the recent drop; otherwise, the market would be hard to predict.

Experience in gold trading tells me that if you want to profit steadily and durably in the trading market, you must only engage in certain market trends and adopt suitable trading strategies, executing them strictly! This way, you can become a real trader; otherwise, you are just a gambler who understands trading and technology. Even if you encounter an extreme market condition once a year, bad luck can send you back to square one!

The upcoming Bitcoin trend mainly depends on the market in the next two to three days. It is impossible to predict short-term movements now; technical indicators cannot be fully trusted, as even one failure can lead to significant losses! I can only say that 75,000 is a very significant resistance level. If it breaks through with volume in the next two days, 78,000 will be the second target. If the volume decreases and it fails to break through, there will be a significant drop, and you must seize the opportunity to profit then.

Trading advice: Stay in cash and wait for the market to stabilize in the next two days; a trend change signal will also appear, and you can trade then. If Bitcoin breaks through 75,000 with volume, it is highly likely to reach the 77,000-78,000 range. Personally, I prefer this price level to initiate the first round of shorting, as the risk-reward ratio is very suitable. If it tests 75,000 with decreased volume and fails to break through, taking a small position to short at 75,000 also has good cost-effectiveness. Pay close attention to the market trends in the next two to three days; it is very important!

By the way: Over the past few months, I have been sharing my trading insights and strategy suggestions for free, never profiting from guiding others. This is a way of self-learning and improvement, as well as a free service to like-minded partners. If you feel it’s not useful, feel free to block me. If you find it helpful, pay more attention and learn more. Let's grow together in the trading industry and make money together.

Bitcoin suddenly surged with significant volume, and I believe everyone knows the reason. In several swing states in the U.S., Trump is in the lead. Historically, in U.S. presidential elections, whoever wins the swing states usually wins the election, so it is highly likely that Trump will become the next president.

Currently, the price of Bitcoin is around 71,000, with only 10% short positions remaining, and all the set trailing stop losses have exited, marking the end of the last trade. According to the principle of trend trading, it is not recommended to operate in uncertain markets. If you must trade, I personally suggest buying on dips, but be sure to use very light positions!

The U.S. presidential election and the Federal Reserve's interest rate cuts are two major events that significantly influence the price of cryptocurrencies. During periods of uncertainty, trading is strongly discouraged; it can only rely on predictions and luck. I personally do not recommend this kind of trading, though it is not impossible to play around with small amounts.

For upcoming operations, I personally suggest: Bitcoin prices easily rising to 71,000 may very likely test 73,000 again. The specifics depend on the manner of arrival; if it reaches directly with volume and can stabilize, it will be the moment to create a new historical high, with 75,000 as the first target! If it reaches with a spike or on reduced volume without signs of stabilization, then shorting on highs would have a very good risk-reward ratio.

Due to the many recent uncertainty factors and their great impact, I personally recommend a conservative approach: either trade with very light positions or patiently wait for news to settle, and only trade when a certain market condition appears.

There is an opportunity to make money every day in trading, so do not worry and do not regret missing any opportunity to profit. As long as you can earn steadily and continuously, you have grasped the essence of trading! Trading is a field where you can lose everything, yet you can never earn enough; whether you lose or earn depends entirely on yourself!

The first test of the bearish target for Bitcoin prediction around 66,000 has been conducted. If you haven't taken profits, you must set a take profit order; only in this way can you seize the best opportunity and exit at an ideal price.

I also set a second take profit order at 66,888, which has already been executed. Currently, my position is around 10%, and I have set a trailing stop to basically conclude a month-long trend trading position. Of course, the third target around 63,500 also has a certain cost-performance ratio, but it requires time to wait. Additionally, with the uncertainty of the U.S. presidential election and the Federal Reserve's interest rate cuts, it is best to take profits and exit.

In my previous articles, I have repeatedly mentioned that the most suitable trading strategy in the cryptocurrency market is not short-term trading, but trend trading and long-term value investment. Only in this way can you avoid spikes during the trading process and the impact of unexpected events on the trend. Regardless, it will ultimately return to its market consensus position, and this will never be wrong.

Since you are trading, you must understand the purpose of trading. What is the goal of trading? How can you achieve your goals through trading? When your first consideration in trading is how to avoid risks and ensure the safety of your principal, rather than pursuing how much profit, you have truly stepped into the door of trading.

By skillfully applying various trading strategies and forming your own trading system, and being able to adopt the most suitable strategies based on different trading environments, you can make a living from trading. When you have enough capital or help many people through trading, you can completely change your life through trading; you can rely on trading for your entire life.

Returning to the next trend of Bitcoin: Bitcoin has dropped to the second target around 66,000, and next it will rebound to induce buying and wash out positions. Then it will test the bottom again, and the overall trend still has room to decline. The third target around 63,500 can be considered for gradual buying; no matter how deep the decline goes, the rebound can still generate profits.

Once again, a reminder: you must understand position management, which is a very important lesson in trading. If you do not understand it and do not have your own mature trading strategy, relying on luck to make money, one day you will lose based on your skills.

At present, the price of Bitcoin is trading sideways around 68,000. Now that the US presidential election is coming, I personally recommend that partners who are shorting should exit at a low point to stop profit.

The US presidential election has officially started in the past two days. If nothing unexpected happens, it should be Trump's victory. From any perspective, there will be a big rise. Of course, now is not the time to go long casually. After all, the positive news has been overdrawn in advance in October, and the upward momentum is limited.

The two major events of the US election in November and the Fed's interest rate cut are both positive for the currency circle. So no matter what, the market sentiment is likely to be bullish. It has fallen by thousands of dollars in the past two days, so it is difficult to predict the next situation. From the perspective of trend analysis, we can only wait. The overall adjustment is downward. Around 65,000 is still the second target of the decline, but in the face of such a major event as Trump's victory, it is very normal for the trend to change in the face of absolute positive news.

The next market operation suggestion: No matter what kind of positive news comes out, the rise is always limited. 73,000 is the absolute pressure point. Even if it is positive, shorting at this price is still very cost-effective! At this stage, shorting at highs is not the general trend. If you don't have a position, you must be cautious and wait patiently until the US presidential election ends. After the trend emerges, there will be the best entry point.

Currently, the price of Bitcoin is holding around 69,000 and has tested breaking down two or three times without a significant drop. This drop is just a temporary pause and does not mean the decline is over!

Many people are not aware that when the signal for a change appeared a few days ago, I repeatedly reminded everyone to be cautious of the induced bullish market! Many people instead feel that it is a normal small pullback during the upward process! Look at the middle market in the chart below, a typical induced bullish market, horizontal consolidation rapidly followed by a more rapid drop, on one hand, scaring away the bears, and those who are cautious closing their positions regardless of profit or loss, while bulls also jumped in! This drop directly achieves two objectives, both resolving the induced bullish situation and scaring away some bears.

Bitcoin is temporarily consolidating around 69,000 and has tested breaking it multiple times; it is very likely to break it in the short term, so avoid going long! The drop from 73,000 to around 69,000 is the first target, and it's normal to pause here. Traders on both sides will not rashly enter, unless the previously established short positions are in profit, or the earlier long positions are trapped.

Bitcoin has already risen too much in October. Since the beginning of the trend change a few days ago, a downtrend has formed. The reason for the horizontal stagnation is that the longs are trapped at high levels, and they are already the targets of the operators. During the decline, it's also necessary to consider the concentration area of the bears; it cannot be tailored for the bears, allowing profitable short positions to be forced out. This way, there will be better cost-performance during the next decline.

Those who follow my trades know that my average price is around 70,000. Considering the consolidation at 69,000, I have taken profits on 30% of my positions and suggest that everyone take some profits as well, since it has risen three times. This reduces the position and leaves more space for future strategy adjustments.

Next, trend analysis: The overall trend is still a downtrend, and we will approach the second target of around 66,000. Set your take profits and prepare for a new wave of decline. No matter what kind of trading you do, always operate with a light position; avoid heavy trading!

⚠️⚠️Attention!! The signal for a change in Bitcoin's market trend has appeared! Even Trump's victory cannot change the upcoming downward trend; all accumulated energy is about to explode!

Bitcoin's market in October has been like a dam holding back floodwaters, continuously raising the water level with almost no release. On the last day of the month, it finally couldn't hold back any longer and chose to release the waters!

In my previous article, I mentioned that even if there are favorable news in November, the market still needs a significant drop, even if it’s not a black swan event. I just didn't expect it to surge directly to the historical high of 73000! This also releases a signal that this bull market could see 100,000 USD as just halfway up! 150,000 USD cannot even be fully confirmed as a major peak!

Talking about the upcoming Bitcoin market, before the drop, it tested around 73000, and the reason for not going up has been discussed in my previous article. It all depends on whether the dealer has value to harvest; once it breaks through, it is likely to surge uncontrollably again. If it doesn't break, it can be easily manipulated!

For those who went long at 72000, thinking it would break through 73000 and reach 75000, just be patient in waiting for this to unfold! This drop will definitely lead to a major consolidation. The dealer will sell above 70000; what price do you think they will choose to buy back? Below 65000 is certain, and 58000 is also a possibility!

Next, trading operation suggestions: First target around 68000, second target at 65000, third target at 63500, set your take-profit orders according to your risk tolerance!

Finally, I want to share my trading insights:
1️⃣ Never go all in; enter in batches and have a mature trading strategy.

2️⃣ In the crypto circle, do not trade short-term; spikes will always make you regret it. Avoid frequent trading.

3️⃣ Trading should not rely solely on technical indicators; more importantly, analyze the market environment. Enter at ideal price points, and do not be greedy when exiting. Money made from trading is endless, but it can be lost very easily!

Bitcoin has held its price at 71,000! Those shorting should be mentally prepared for another test or even a breakthrough at 73,000!

There are only a few days left until the U.S. election, and the election results are basically determined, with a high probability of Trump winning. Otherwise, what do you think was the reason for Bitcoin's significant rise a couple of days ago? This is considered an advance on good news. When the market is harvested by the manipulators, it is always unexpected; they cannot play according to routine!

What you think is good news at the time of the election may actually be the day the manipulators exit! For the manipulators, dumping is much easier than pumping; it is more cost-effective to operate this way. So looking back at the significant rise in October, the manipulators indeed had a clever control over the market. For trend traders like me, there weren't many trading opportunities in October, as the market kept breaking through the range!

Bitcoin's stay at a high level is not good news for those shorting, as it means that even if there is a significant drop ahead, they will still try to break through the previous high. The main indicator is where the concentrated area of short liquidations is located; if they can't do it, they will find a way to achieve it!

Currently, the market sentiment is quite bullish, but there aren't many long positions being taken, as the signal for a trend change has not appeared. The manipulators are waiting for the concentrated area of short liquidations, and once the U.S. election is confirmed, the long and short liquidations will be calculated within a price range, and the manipulators will start their operations!

Pay special attention to the price level of 73,500 for Bitcoin. If the spike reaches this area, a drop or even a significant drop is basically certain. If it strongly breaks through and reaches a new historical high of 74,000, it is not impossible. Observing the method of testing the previous high again is very critical!

Trading advice: For those who are already short and trapped, set the liquidation price at 75,000 or even higher to prevent liquidations from a strong surge or spike! For those going long, be even more cautious; if there is no breakthrough, a significant drop is very likely, as this has been the case every time good news is exhausted. For those with no trading operations, shorting at highs remains the most cost-effective operation, with an order range of 72,999 to 73,500, aiming for a first profit target near 71,000 and a second target near 68,000, while looking long-term at around 65,000 as a likely scenario.

The trading market has always been counterintuitive, so when the market is crazy, we must be more rational.

Bitcoin surged yesterday, reaching a historic high! It made the first test, which is a good sign of over-expectation. With the U.S. elections approaching, Trump is likely to win, and while a rise was anticipated, the continuous surge was unexpected and really strong!

In the previous article, I mentioned unexpected adjustments to trading strategies, with funds increasing positions and setting the liquidation price at 75,000. For those without funds, opening long positions to raise your liquidation price. Many might be curious why not set stop losses; the core of trading has several points, and it's crucial to learn to set stop losses. However, in the crypto world, if you still have this mindset, it can only be said that you are dull-witted and inflexible; traders who lack adaptability are just relying on luck.

In the crypto market, almost every time there is a market shift, it is accompanied by spikes. May I ask how you set your stop-loss prices? Is your long position stop loss set at the previous support level? Is your short position stop loss set at the previous resistance level? Reviewing past Bitcoin price trends, every spike can easily trigger your stop losses, so what's the point of trading?!

Many people think they're very skilled at ultra-short trading, but I haven't seen anyone who can consistently profit from it; they just oscillate between gains and losses. Ultra-short trading is really not as good as trading gold.

The most suitable trading strategies in the crypto world are trend trading and long-term operations; other methods waste energy without necessarily yielding results. This is a different story if you have plenty of time and money to waste.

Bitcoin made its first test of the historical high last night, and we will see if it can stabilize above 71,000. If it stabilizes, a second test is likely. For those who are not currently trading, now is not a suitable time to act, as it is full of uncertainties. If it cannot hold, the first target is around 68,000, and the second target is around 65,000, which is higher than the previously predicted retracement points.

The second image shows my current position; trading is not gambling, and you must not have an all-in mentality. You need to leave yourself an exit, such as in position management, and you must be well-prepared for the unexpected. I've chosen to activate reserve funds to increase positions; although such occurrences are rare, it does not mean they won't happen. I said that before the real bull market starts, we still need one big drop; let's wait and see!

Bitcoin breaks 70,000, heading straight for 73,000, which is the historical high! Multiple breaks have not been successful, but this time the breakthrough is strong and definitely not the work of retail investors!

This can only indicate that retail investors who shorted at high levels are starting to concentrate, while those who go long, aside from believers, are hesitating. After breaking 70,000, technical indicator traders are starting to enter, and once the breakthrough stabilizes, it's definitely not a question of just a slight increase; if it were a spike market, it wouldn't surge strongly.

There were two spike markets near 65,000, and the stop-loss orders did not exit; orders at 65,188, with the lowest spike reaching 65,222, and another near 65,500. This time breaking 70,000, the liquidation price is around 73,000. The current market situation is already beyond expectations, and when encountering such situations, measures must be taken.
⚠️ Note:
1️⃣ One is to add margin, short again near 72,000, raising the average short price. My current average price is around 69,000. A bit more margin will help raise the average price, ensuring your liquidation price is around 75,000!
2️⃣ The second is for those without funds, to prevent liquidation, raise your liquidation price. Make smaller trades to keep the goal not for profit, but to raise your liquidation price, ensuring fund safety. Raise the liquidation price to around 75,000. This way, once a high-level adjustment is confirmed, you can take profits on long positions or hold on to them, ensuring that after removing hedging positions, shorts still hold a significant advantage.

That's how trading works; no one can predict the unexpected forever. The most important thing is whether your trading strategy can withstand the risks during the trading process!

Bitcoin has once again formed a W pattern. Will it break through the $70,000 barrier this time? The performance of Bitcoin in October has been relatively strong. At this stage, there aren't any significant positive stimuli, just the influx of funds following the Federal Reserve's interest rate cuts.

Even now, it is difficult to assess where the bottom of Bitcoin lies. The previous level of $53,000 might seem a bit extravagant now, but before a real bull market begins, encountering a black swan event is also quite normal.

The W pattern indicates a phase of bottom formation, and now we are at a high point. It depends on whether it can break through, the strength of the breakout, etc. The trading strategy for fellow traders remains unchanged; $69,999 is still a very cost-effective short position. It might break through or spike to $70,000. One thing is very certain: the market needs a significant drop to disrupt the current order!

Currently, the major players do not have the initiative, and the market is in an awkward position for both bulls and bears. However, the cost-effectiveness of shorting is far greater than that of going long. Based on the current trend, we will soon witness the desired market movement. Let’s wait and see!

Bitcoin suddenly experiences a surge in volume. Do you think this is the start of a major rise? Have you considered that this could all be a smokescreen set by the manipulators for their next harvest?

Since the birth of financial markets, it has been filled with blood and brutality! If you step into this industry without realizing this point from the very first step, you will never be able to earn the money you want!

When you realize the cruelty and ruthlessness, at the very least, you understand that the financial market is a slaughterhouse, a casino. You will at least understand what your role is! Are you the butcher? Are you the cattle waiting to be slaughtered? Or are you the fish that slipped through the net? What you are is not what you want to become; it’s about what you realize and whether you can become what you want to be!

Just like in life, you know you are just a cattle in society, yet you cannot change everything. No matter what you do, the world remains the same! So it is with trading; no matter if someone goes bankrupt or becomes rich overnight, if it doesn’t happen to you, don’t care too much. For example, all the articles I write, just listen to them; if you find them useful, give a thumbs up and follow. If not, either block me or just skip it; there’s no need to pay too much attention. Whatever you do, I won’t take it to heart, as long as there is decent communication.

According to trend analysis, before Bitcoin truly enters a bull market, there will be another significant drop that will bring despair to the market, allowing those who understand the trend to enter. This is the essence of finance; if the retail investors could all understand the market, it wouldn't be a market; it would be the manipulators’ tricks!

In the next trading operations for Bitcoin, the strategy remains to short at highs, with 65000 and 63500 still being the profit-taking points I see. Make sure to set limit orders for profit-taking when you enter, as spike trading can help you profit quickly!

In the cryptocurrency trading market, participation without a major player is incomplete. It seems that the market has suddenly come to a standstill in the past couple of days, hovering around 67,000 with no fluctuations, no spikes, and no trading volume.

This is the reality of the cryptocurrency world; there isn't much trading activity. During most trading phases, the actual trading volume in the market is not very high; most of it is controlled by major players. Therefore, in the trading process, the so-called trend is on one hand about thoroughly understanding the overall macro environment, and on the other hand, major players will make harvesting arrangements based on macro information!

For us starting out, if we adopt the same trading strategy, at the very least we can follow the trend and act accordingly. The worst-case scenario is that we won't be easily harvested by the major players; we can accept losses, but we must not accept being harvested repeatedly! Breaking out of the mindset of being a 'leek' (a term for retail investors) is a very important step in trading. Learning trading techniques and summarizing our own mature trading strategies will eventually lead to results in the trading market, it’s just a matter of time.

Bitcoin's recent surge ended without breaking through the 70,000 mark, which is not an easy task for major players. Once there is a breakthrough, those who buy on dips will definitely exit the market. These are consequences that the major players cannot predict. Many believe a breakthrough will occur, but if it does not and instead there is a downward correction, it will force many into a passive stance. Observing the market's situation at the 67,000 position is also a good thing for major players!

Currently, both short and long positions have little profit margin. Once the major players see the market sentiment feedback, they will immediately start to change the trend. No matter how the trend changes, downward harvesting is the most cost-effective operation for major players.

My trading strategy has not changed over time; I still adopt a strategy of shorting on highs, setting a take-profit point, and then patiently waiting. The take-profit points are around 65,000 and 63,500, which are very likely to appear in the near future, becoming the fish that slip through the net for major players.