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$BTC This afternoon, a warning from the market sentiment prompted a timely capital preservation exit from Bitcoin, avoiding the deadly dip below 2400 points. Currently, Bitcoin is weak and consolidating, which is a trivial level. Since our principal remains intact, we should continue to stay calm and wait for retail investors to be overwhelmed by the pain before re-entering the market.
At the moment, I believe the mid-term consolidation lasting over a month is nearing its end. Based on personal experience, the opportunity to bet on the final dip of the bear market has arrived. Please keep the liquidation price above 80,000, prepare your armor and weapons, and wait for the right timing.
Trade rationale: Break below the ascending wedge, with a retest expected
Suggestion: Place a short order at 67,400
Take profit: 57,400
Stop loss: 68,800
Additionally, here is a small interesting trade for those eager to participate:
Trade rationale: Two upward pushes on the 5-minute chart did not exceed 66,800, now breaking below the small consolidation zone
Suggestion: Short around 66,200
Take profit: 65,600
Stop loss: 66,600