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Everyone, who understands? This crypto market is really harder to guess than my unpredictable partner!
A few days ago, I cut my losses and exited around $80k, and when I looked again, BTC was starting to creep back up. Looking at the Bollinger Bands, the upper band is at 82,600, the lower at 71,800, and now it's stuck at 80,600, neither up nor down, just like the boss drawing a pie—looks hopeful but full of traps.
If I say it’s going up, a few days ago it was still falling nonstop, with $124 million liquidated in 24 hours, both longs and shorts wiped out together, no one can escape; if I say it’s going down, it’s holding on at a critical point, making people nervous, as if it’s about to take off at any second. I’ve finally realized, this price is like a game of Pictionary—you draw the candlesticks, and we guess blindly below. When you think it will rise, it suddenly dumps you into a deep hole; when you think it will fall, it pulls a small bullish candle to tease you.
Take my mindset, from full confidence at the start to now being completely calm, with only a few blood and tears lessons from chasing highs and selling lows in between. I used to think I could time the market, buy low and sell high, but every time I chased the top and sold at the bottom. Now looking at these candlesticks, I don’t even dare to move, afraid that any move will send my head to the main players.
Look at this price, sometimes it pumps to give you hope, sometimes it dumps to make you despair, just like a cat playing with a mouse—playing with your heartbeat. Yesterday, some guys in the group shouted, “Breaking 80K is the start of a new bull market,” today someone says, “That’s just a trap, a waterfall is coming,” and I don’t know who to believe anymore.
Right now, I only have one mindset: lie flat and watch the show, no chasing highs or bottom fishing, whoever wants to gamble, let them gamble. I just want to see if this time it’s really taking off or if it’s just drawing another big pie for everyone. Anyway, I don’t dare to move anymore; the money I’ve made isn’t enough to cover the losses. Better to stay safe and watch the main players perform. After all, in the crypto world, money can be earned endlessly, but losses can wipe you out—saving your life is the priority. $BTC