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Yesterday at 5 o'clock, I predicted a drop, so I shorted at 673, then went to sleep. When I woke up, Bitcoin had pulled back again, back to 680. After careful review, I realized that I could have taken profit on the long positions and the short at 680, but not all market conditions are favorable, especially when I'm sleeping.
The current trend is overall starting to rise, so I shouldn't be shorting now. I predict that during the Asian session, Japan and South Korea will see declines. Oil prices surged all the way to 120. I knew oil would rise, but I didn't get in. For now, I’ll keep an eye on oil—if there's an opportunity, I want to take a bite. I mentioned in the live stream that you could buy at 63 for oil, but it nearly doubled, and I missed out.
The US has started targeting Iran's oil exports, and Iran has begun attacking Middle Eastern oil facilities. This is good for them, but the world will suffer. If this continues, inflation will rise, and the probability of the Federal Reserve cutting interest rates becomes even less likely!
The resistance levels for Bitcoin to the upside are around 680 and 690. Let’s see if Bitcoin can reach these levels tonight.