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- 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
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Do not shorting
The market is highly likely to go up.
Yesterday, BTC did not fall below 100300 even under extreme shorting pressure, and it formed a double bottom on the 1-hour chart, with the lows still rising. This is a bullish rhythm.
Let's recall the basic situation of the past two days, first of all, the Fed's speech at 2 o'clock in the morning is basically the same old routine, no interest rate cuts, a bunch of nonsense, in this case no interest rate cuts, basically a big bearish, BTC can't fall, proving that the main force is strong to protect the disk, and the basic ones who run are retail investors. Coupled with the recent propaganda that there may be a risk of war, everyone's mood is very panicked, retail investors are selling a lot, but every time they reach a position around 103,000, they begin to rebound, if the main force and retail investors are selling, then the price has already fallen, why hasn't it fallen? It is clear that retail investors are selling, and the main force is buying. So, in my opinion, 103000 is a bottom. So the question arises, since the bottom, why has it been advertised at the bottom that there is a risk of war? I think this is more like a bookmaker trap, deliberately releasing a lot of bears in this position, allowing retail investors to chase in, and then pull the plate. In my opinion, it is not so easy for the United States to send troops, Trump is a businessman, and the consumption of troops is too large, which is not a good choice for the United States.
My suggestion is that if there is another opportunity to pull back near 103000, you might consider positioning for a long position. Personally, I think it will go up.