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BTC experienced a big dump early Friday morning, leading to a cascade of long positions getting liquidated, with ETH short orders and BTC short orders all taking profit.
Set a historical record for liquidation. Since the day before yesterday, I have been posting to remind everyone not to think only about going long. As long as you can see the market clearly, both long and short positions can make money. You must, must not follow the crowd when retail investors are fomoing. Many times, no matter how much money the so-called teachers have you cheering for during the rise, the final wave of falls will lead you to get liquidated and return to zero.
Secondly, the trend trading community's short order took a quick take profit of over 10,000 points last night. The community has already integrated an automatic reminder bot for everyone today, with ETH short orders and BTC short orders, all taking profit 👌