Many times, victory and defeat are determined by mentality. When measured by time, almost all trades will make money, but due to various reasons, the initial perseverance is abandoned. This is the financial market. Always pursuing the supremacy of mentality is not only because fear cannot solve problems, but more because fear severely damages mentality and leads to losing direction.

I haven't updated for several days for no other reason than receiving some insults and ridicule, so I don't want to continue talking about shorting. It's not interesting. Trust me and follow my footsteps, or choose to ignore it if you don't believe. Of course, encountering such things is understandable. As a person who has missed opportunities, the weekly candlesticks, how can I change direction to go long when the weekly golden cross has a shadow? I have also stated that my short position is still open. I even told several friends that I will directly add three times the margin this week. Although I didn't make much money by missing opportunities, at least I didn't lose money. In the end, the market fell back to the starting point in a few minutes, I got out of the predicament, and I also opened a short position on bg at a high level.

Since I chose to update, let's talk about the market. The weekly golden cross, with this week's closing being negative, should be a sure thing. The question is how long this kind of market can last. I estimate that it will take at least 1-2 weeks before I can go long, and then the market will end when the next closing is positive.

From the candlestick chart, the position of the pin has finally been absorbed. There may be a misconception here. Many people will consider the 40,000 level as a key point, but in fact, the real key point should be at the 44,000 level. I think the drop should be almost over this week. It should form a consolidation zone. In the last few days of the week, I still choose to go short at a high level. The risk-reward ratio for going long is not very high. It won't break through 42,500-43,000. I expect that this time it should drop to 38,500-39,500. The recent market should adjust around the 40,000 level, approaching Christmas, to control the risk.

Strategy: Go short at 42,600, stop loss at 43,200, take profit at 41,500-40,800-39,600

Personal advice, for reference only.

In addition, many recent ridicules of me are from people who are bullish on the market. Now that it has fallen, they have all disappeared. So, regarding the topic of a bull market, I will make a few more points to clarify my view, and I won't mention it again in the future. I am not bullish on the bull market because the cryptocurrency market has become more mature. As someone who comes from the forex market, have you seen "certain oil" break through its previous high? However, this does not mean that I am not bullish on Bitcoin's rise. I can even accept it rising to over fifty thousand next year. But the high point of 69,000 is still an impassable point. I recently learned a good term: "69000 cake life peak," which I find very vivid. No matter how the market evolves, making money and laughing in the end is the truth!

By/ Jiangshan Public Account: BTC Big Cake Analysis and Suggestions. You can also scan the QR code below to follow me.

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