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The holiday BTC market perfectly exemplifies the phrase " chasing gains and killing dips." Watching the price slowly climb, many follow the trend and jump in, only to be slapped in the face immediately after entering; some experienced traders see a slight correction and get scared into selling, then the price continues to surge upward. Frankly, this kind of operation driven by market manipulation is no different from walking corpses, and ultimately, it results in being repeatedly harvested by the market.
The real core is not "chasing," but "waiting." Patience to wait for your own opportunity is 100 times better than reckless trading.
Many people are now messing around in the 94,000-95,000 range, whether going long or short, the risk is terrifying. The problem with longs is obvious: if 95,000 cannot be broken, the correction space must be at least 4,000 points upward. As for shorts, don’t expect a good outcome: once 95,000 is broken, the cost of stopping losses and then chasing longs becomes too exaggerated.
But what if we are patient? The situation will reverse. On the short side, if the 95,000 resistance level is truly effective, the first target for a correction is locked at 92,588, with further levels at 90,888 and 89,588, each offering considerable profit potential. On the long side, once 89,588 stabilizes, the rebound space is at least 2,000 points, and the risk is controllable.
Some may ask, what if the market directly breaks through 95,000 without giving a chance for a correction? Then don’t think about waiting for longs; just follow the trend and go with it. But here, it’s important to emphasize that following the trend doesn’t mean blindly chasing; it means waiting for a correction confirmation before acting. For example, after breaking 95,000, the real opportunity to go long should be when the correction touches a certain support level, not chasing all at once.