The dangers of entering the market at 93000, pure friendly sharing, the text is long, please be patient to read it all, not for trading guidance. If opinions are inconsistent, you can unfollow or block at your own discretion.
BTC price has reached 93000, which seems to be a strong resistance level. Many people think it's a good time to short, but what are the chances of winning by shorting? Firstly, the fact that it is consolidating near the resistance level indicates market strength. If it was weak, BTC would have formed a Long Wick Candle at 93000 and then pulled back directly, instead of oscillating and consolidating near 93000. That's why I suggest you not to short. Secondly, shorting is going against the trend, and if you go against the trend, you should take profits when you see them. Otherwise, you may end up like some pros in the crypto world who have lost everything by going against the trend. Many pros who made money in the previous bull market lost it all by going against the trend in this market. So, don't short at the highest price against the trend. There is a high probability that BTC will have another pump in the remaining ten days of this month, followed by a pullback in the second phase. That pullback will be the best entry point. However, it doesn't mean that you should have a short position during the second phase pullback. You should have long-term coins in your hand and enter the market in the second phase with the remaining positions. So, going all in is not a bad idea, but the timing of going all in is crucial.