This morning I woke up and almost got a shock when I looked at the market — BTC plummeted to around 87000, a daily drop of nearly 5000 points. Many brothers who chased the price are probably stuck halfway up the mountain again.
Looking back at yesterday afternoon, I felt a bit uneasy when BTC was at the position of 91800, so I decisively opened a short position. Although I didn't capture the entire wave, I still secured a profit of over 2000 points. That's how the market works; execution is more important than prediction.
Talking about the current operational thinking:
If you want to look for short opportunities, I will be watching the range of 89300-89800. Once there is a rebound, you can consider positioning, with a stop loss placed above 90500.
As for bottom fishing, around 86300 is a good ambush point for long positions, with the defensive line set at 85700. The focus is on short-term fluctuations; don't go all in, trying with a light position is the way to go.
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StableGenius
· 8h ago
ngl the "execution > prediction" flex hits different when you're already up 2k... empirically speaking, watching these retail positions get liquidated at support levels is *chef's kiss*. but seriously—89300-89800 range play is textbook, though honestly most people will fomo in at 89500 anyway lol
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ShortingEnthusiast
· 8h ago
It's another story of chasing the price and getting trapped, it cracks me up, why is there always someone doing this every time?
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MEVvictim
· 8h ago
It was obvious yesterday that those who FOMO'd are going to have to cut loss now, haha.
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SighingCashier
· 8h ago
Oh no, another wave of suckers being played for suckers. Those who chased the price yesterday are probably regretting it now.
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GateUser-75ee51e7
· 8h ago
Once again, it got hammered down, and those who chased the price are going to cry this time. However, I am indeed a bit tempted at 88000.
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GasOptimizer
· 8h ago
If the rebound space from 89300 to 89800 really unfolds, the capital efficiency could improve by about 40%. Looking at the data, the historical probability of a pullback at the same position is 81%, but today's Trading Volume data is a bit unusual, so we need to look for more on-chain evidence.
This morning I woke up and almost got a shock when I looked at the market — BTC plummeted to around 87000, a daily drop of nearly 5000 points. Many brothers who chased the price are probably stuck halfway up the mountain again.
Looking back at yesterday afternoon, I felt a bit uneasy when BTC was at the position of 91800, so I decisively opened a short position. Although I didn't capture the entire wave, I still secured a profit of over 2000 points. That's how the market works; execution is more important than prediction.
Talking about the current operational thinking:
If you want to look for short opportunities, I will be watching the range of 89300-89800. Once there is a rebound, you can consider positioning, with a stop loss placed above 90500.
As for bottom fishing, around 86300 is a good ambush point for long positions, with the defensive line set at 85700. The focus is on short-term fluctuations; don't go all in, trying with a light position is the way to go.