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The highest point short position has eaten up the entire drop from 120,000 to 60,000 📉
BTC has once again touched the resistance level of 71,200-72,000. Take profit on long positions at 5,000 points, and consider entering short positions⁉️
Here, Bitcoin has tested the resistance level around 71,200 twice. Our long position was also entered at 65,900, and I told everyone yesterday that they could take profit around 71,000.
At the same time, everyone can observe the short entry situation. Currently, the short position has a floating profit of about 2,000 points. You can move the stop-loss to the breakeven point. If you are a short-term trader, you might call for taking profit here. But for trend trading, 2,000 points isn't enough. Just move the stop-loss to the breakeven point and let the profits run 👌🏻