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This morning, my confidence in this approach has decreased.
From a technical perspective, Bitcoin may indeed experience a deeper correction before surging towards the upper end of the range. Honestly, falling into the green zone below is a reasonable technical target for me, which is why I just closed the short-term long positions on some mainstream coins I mentioned earlier.
There are quite a few good opportunities brewing in the market now. Once such a correction occurs, new shorting opportunities will emerge. Therefore, my plan is to continue observing how the price develops and wait for clearer signals before deciding on the next move. At this stage, rather than acting rashly, it’s better to stay patient and watch how things unfold.