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🎈 Wake up, Bitcoin is crashing, check if your positions are still there?
Already warned in advance on Friday night
Do not chase the rally, now the result proves that chasing long positions has trapped you
At that time, the four-hour structure chart showed RSI severely overbought and a pullback was needed
After the price broke the previous high, it also showed divergence on the MACD
The suggestion was to short when the price broke the previous high with an order at 735-738
Yesterday morning, the high was 73430, almost entered the trade
Fortunately, in the evening, there was an opportunity to push up to 73700
Once the order was placed, it was basically entered
Now this nearly 3000-point move, does it feel comfortable?
The four-hour upward trend has already broken down
If the closing price doesn't stabilize above 72300, the market will continue to fall
Watch below 70000, around 69600 $BTC