Is the Bitcoin stage top coming? I will take action here!

Bitcoin has now completely broken through the resistance of 113,500, and it is expected to continue rising to around 117,000-117,800. Of course, it won't go up in a straight line; Bitcoin has always been a stop-and-go pattern, so it's actually not that strong. When it reaches the target price, I will definitely short it.

We started the rebound from a bottom of 107,000 to 117,000, and it has been very difficult along the way. Today, BTC has reached 116,300, very close to the target. I just want to see if it can go up a little more, after all, there are only a few days left until the interest rate cut, and this might be the last opportunity. If it hasn't risen by the time of the interest rate cut, I might directly short at a low multiple, as I think the probability of the benefits from the interest rate cut being fully priced in is quite high.

Then yesterday we talked about the CPI, and I am bullish. I said there might be a pin bar that would lead everyone to go long. As shown in the figure, BTC really did make a pin bar down to above 113,300. We went long from the lowest point, which shows how important it is to make the right judgment. If we had opened the opposite position, it could have been devastating. The data and foresight are crucial!