The range of 3500-3800 is not suitable for entering a position with high leverage.


This range is repeatedly shaking positions, dropping a bit and then fearing another big drop to cut losses, pushing up to create a false breakout and then wanting to lock in profits but getting shaken out.
The 4k level is unlikely to constitute a resistance level; instead, we should pay more attention to the reaction at 3900. If 3900 stabilizes again, breaking through 4k will be a natural progression. At that time, there will be quite a few shorts looking to short at 4k, and taking a short position here is likely to turn into fuel that gets wrecked and blown up, ultimately leading to passive buying at market price. The breakthrough of 4k will be similar to the recent breakthrough of 3k, accelerating with momentum. For resistance levels, I’m looking around 4.3k.
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