I'm stunned! There's actually a pleasant surprise! Will it continue to fall?
Bitcoin seems to have broken through! The parallel bottom of 116,000 is unlikely to hold, but as the chart shows, Bitcoin's range-bound pattern may be changing. The last hope is around 113,500, which seems like a good place to try a long position.
Yesterday afternoon, Shuqin encouraged everyone to short around 119,000, and the market gave you two entry opportunities, both close to these shorting points. Those who should have jumped on board should have seen the market go up.
When I woke up today, I saw the market fell even more than we expected—a pleasant surprise. I haven't closed the 120,000 short position I opened in the middle of the month yet. I plan to take profits only when Bitcoin's RSI approaches an oversold level. We discussed this in our Wednesday video.
I'll emphasize again: while there will be periods of extreme greed, there will also be periods of extreme panic. This is another round of wealth redistribution. August and September are traditionally Bitcoin's off-season, but things will pick up again in October. Can you seize this opportunity?