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4.1 Bitcoin and Altcoin Strategy
Last night, we remained firmly bullish, and the market moved as expected. The position was just right! Bitcoin is over 20,000 points, and Altcoins are enough at 100 points. Friends with roots should continue to steadily build positions; those without roots can check out our Stone Plate Root Dan!
Currently, Bitcoin continues to surge strongly, reaching a high of around 69,200, creating a recent new high. Since the rebound from the low, the rally has been substantial, and bullish momentum has been fully released. The holding funds at high levels are increasingly willing to take profits, and selling pressure is gradually emerging. The market is always at risk of a pullback and correction.
The continuous series of bullish candles is pushing the price higher, but short-term indicators are seriously overbought, and there is a clear need for technical correction. After a rapid rise, a consolidation and pullback are inevitable. Do not blindly chase longs tonight; prioritize trend-following short positions.
Bitcoin: Short around 69,000, targeting around 67,000;
Altcoins: Short around 2,160, targeting around 2,020.
Maintain good defense, strictly control position sizes, and trade rationally.
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