$BTC Alert: Why My Short Position is a Warning Sign for the Market
- A recent development in my short position has led to an unexpected closure, prompting me to re-establish a new short position at 67,500.
- As mentioned in my previous analysis, reaching 69,500 can be considered a successful test of the 70,000 range.
- My previous advice to hold a short position at 68,500 has yielded a 1,500-point gain, with the current price at 67,000.
Market Update: Short Position and Price Movement
A recent development in my short position has led to an unexpected closure, prompting me to re-establish a new short position at 67,500. This move is in line with my previous forecast, which anticipated a push towards the 70,000 range.
As mentioned in my previous analysis, reaching 69,500 can be considered a successful test of the 70,000 range. This prediction has proven to be relatively accurate. Furthermore, I had warned about the potential collective crash of imitation coins, which has now been confirmed.
My previous advice to hold a short position at 68,500 has yielded a 1,500-point gain, with the current price at 67,000. Investors with smaller positions may consider exiting, while those with larger positions should monitor the 66,500 and 65,600 levels. If the price falls below 65,600, it may reach 64,400.
Regarding the code I provided earlier, “ape” has reached a doubling at 1.25 based on my initial 30 contracts. I advise investors to exit after doubling their investment to avoid potential losses. For smaller contracts, the current state should be break-even or slightly profitable.
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