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#Gate广场四月发帖挑战
Just took a look at the market, and a bunch of people in the group are shouting short.
Bro, check out the funding rate, the whole market is shorting. If Bitcoin really drops smoothly like this, is it still the crypto world? Unless you get slapped back and forth a few times, how can you comfortably make money?
Let me start with the conclusion:
Bitcoin is currently stuck in the range of 72,283 to 73,290.
As long as 72,283 isn’t broken, there’s no room for it to fall; it will just bounce back and forth within this range, bouncing until you doubt your life.
When it really breaks below 72,283, then it will return to the old place near 71,402 to continue bouncing.
If you want it to go up, it’s simple: hold steady above 73,290, look higher to 74,490 or more.
If you can’t break above? Then keep playing within this range.
Someone is asking now, can I short?
Yes, but not at this position.
If you really want to short, wait for it to bounce up again.
Ideally, it won’t reach the previous high of 73,454, then form a double top pattern. That’s when shorting is ten times safer than now at the low.
If it directly surpasses the previous high, don’t be stubborn—give up on shorting and patiently wait for a pullback to go long.
Here are some right-side trading ideas:
· Breakout with volume above 72,954 → chase long on the right side
· Drop below 72,568 with volume, and then rebound without recovery → chase short on the right side to catch a correction
· No matter long or short, set your stop-loss properly. Don’t ask me whether I’ll hold or not—I won’t hold.
And one more thing, on the 4-hour chart there’s a bearish shark pattern with a target around 76,002.
Think about it—if you’re shorting now, what if it really hits that pattern and pulls to 76,002? Are your positions still there?
Plus, the lower bullish trendline hasn’t been broken, and the 4-hour MACD isn’t showing divergence, indicating this rally isn’t over. Right now, there’s no condition for shorting.
If you really want to short, there are two ways:
1. Wait until it reaches around 76,002 and shows reversal signals before shorting.
2. Wait for it to break below that bullish trendline, then rebound without recovery, and then short on the right side.
But even then, the first target for shorts is around 70,543.
When that level is broken, then you can talk about the bigger picture.
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Finally, a word from the heart:
Don’t short just because others are shorting you; the most expensive phrase in crypto is “Everyone is looking at it this way.”
Be patient, wait for your position $BTC $ETH