Can BTC still go long?
Updated
After being blocked at 24K, BTC fell sharply, and this large-scale decline was expected. Therefore, it was mentioned around 24K that profit-taking operations were needed. Although the long-term view is bullish, the market indeed needs to adjust before restarting.
This decline actually provides a better entry point, and I will continue to establish long positions here.
Personal operational suggestions: Enter long positions near 22,400, with the first profit-taking position at 23,220 and the second profit-taking position at 24,000. Each of my layouts requires patience and a good trading mentality. Friends with small funds and poor mentality should not participate.
I have conducted in-depth research on futures products such as cryptocurrencies, foreign exchange, stocks, gold, and crude oil. I also update daily operational layouts. Thank you for your attention and likes. Friends with questions can leave me a message in a timely manner, and I will provide the most secure advice. I hope I can help you.
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