Rebound does not mean reversal,诱多逼空, are you panicking?

Bitcoin has broken above the 70,000 level, Ethereum is at 2,100, holding short positions, unsure whether to stop loss or add more, not sure how high it can go, is that right?

First of all, Zhong Liang has been shorting all along. Currently, the short positions have been set with stop loss, so if it goes up, the stop loss should be triggered. Zhong Liang never recommends forcing through positions, and the position sizes are well controlled. Therefore, there is no situation of risking everything on a single trade or being wiped out in one shot! This week, I’ve been shorting all the way, but unexpectedly, on Friday and Saturday, it suddenly surged, and the short positions are now trapped.

Above Bitcoin, there is strong resistance at 72,000 and 73,000. Until it stabilizes above 75,000, the market is not considered to have reversed. Currently, it’s just testing the 70,000 level. Whether it can stabilize remains to be seen! Based on current indicators, there are no signs of bottoming or reversal. The previous rebound of over 10,000 points did not change the trend. What can this small rebound really mean? So, if you have long positions, congratulations on taking profits. If your long positions were trapped earlier, this could be an opportunity to get out.

In a rebound market, if you are short and trapped, pay attention to your forced liquidation and avoid blindly adding to positions. For long-term traders who can tolerate being trapped and have a long way to go before forced liquidation, it’s okay to hold and wait. A slow rise with sharp drops—how long can the rebound last? That remains to be seen. #Gate广场发帖领五万美金红包 $BTC