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#BTC Beware of buying at a low price! There could be a final fall before the main rise of BTC.
Yesterday, the movement of BTC was really crazy, with a spectacular rise that almost never stopped. To be honest, this rise exceeded my expectations by a large margin. Without any good news, it indeed climbed by more than 5000 points in a single day, a truly rare intensity. Usually, when there is major news, the increase is only a few thousand dollars, while yesterday's market totally exploded without any good news, which really took the old Dong by surprise. But don't be fooled by this wave of rise, it doesn't mean that it will continue to move forward at full speed.
Let's talk about the upcoming market evolution now. Yesterday, in the group, old Dong predicted that BTC would likely bounce around 830, and today's movement has indeed confirmed this. After this rebound, if we can break through 843, there is a chance to reach 860. However, 860 is a strong resistance level, so it will be difficult to surpass it. Once BTC encounters resistance at 860, it will start to fall again, and it might even break the previous lows, leading to a sort of spike movement, before the real main rise begins. This means that before the arrival of the main rise, there will still be a significant fall.
For everyone's trading strategy, it is actually very simple. Wait for BTC to reach around 860, then you can short all the way down. Next, buy the dip around 740 or even at a lower level, and patiently wait for a grand majestic trend.
A friendly reminder, here the old Dong talks about the general direction, the market is not going to rise all at once, there will inevitably be fluctuations and repeated oscillations, after some turbulence, it will eventually reach the target price. During operations, it is imperative that everyone shows patience and good risk management.