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2:20 PM
If the long position from yesterday was executed as planned, it would have taken profit, and I reminded everyone to exit. There was also a short position around 3140 according to yesterday's strategy, but I didn't take it because it was too late, and after the US market opened, the trend leaned towards the upside, so I didn't act on it. However, basically, this strategy was also successful, and those who participated could have reduced their position by more than 100 points of profit at 3020. As for my personal views on the upcoming market movements: Currently, the strongest support below is 2970. If it dips but doesn't break 2940, and we see a big spike, that would indicate a major double-bottom pattern allowing for an aggressive long position. My personal judgment is that the market should be in a broad range oscillation between 3000-3160, excluding the spike situation, so don't fixate on specific positions, just approximately this range as shown in the image below. Therefore, moving forward, my strategy is not to chase this short position anymore, but to wait for the opportunity to go long, with a reasonable defense at 2940. The profit target is around 3080-3140, just like yesterday, as we are still anticipating a broad oscillation.
Bitcoin is similarly expected to fluctuate and correct in the range of 89500-94000. This is my personal opinion and is for reference only.