Record ✍'s understanding of market sentiment


After Bitcoin was smashed down to a low of 62422, it hasn't broken new lows. The 15-minute line is oscillating in a range and can't hold above the 30-period trend line, so long positions are weak, shorts dominate the market, and market confidence is lacking.
In this trend, it's clear that shorting at highs has already made profits, while longing at lows is in a tough spot. If the goal is to boost confidence, the market would logically break upward, but the K-line shows signs of another downward smash.
For going long, monitor the position and set a stop loss. If it breaks 62500, stop out immediately—you must admit the mistake and wait for a suitable opportunity to re-enter.
BTC-0.47%
View Original
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
Add a comment
Add a comment
H膩NGu膩LovesCollectingCoins
· 2h ago
Whether it's rising📈 or pulling back/declining, it feels like one wave is still missing😦. The pullback depth isn't enough; at least it needs to reach between 61985-62200 for this shallow pullback to be considered over.

As for rising📈, at least one more round of high-level shorting frenzy is needed before a deep pullback occurs.

Is it possible that both waves are delayed? Today closes bearish, tomorrow another bearish, and the day after tomorrow continues the upward📈 trend.

Haha, the weekend is really boring. Expect one wave tomorrow; today's upward momentum is weak and has already taken on the posture of an impending deep pullback.

Taking a small short with a stop loss isn't impossible either.
View OriginalReply0
H膩NGu膩LovesCollectingCoins
· 2h ago
Long positions are difficult to profit from, you can also try short positions. Enter around 62800, stop loss at 62880.
View OriginalReply0
H膩NGu膩LovesCollectingCoins
· 3h ago
Finally climbed to 62800. Still in range oscillation, take profit and exit, then go long again below. Can re-enter between 62570-62660, stop loss at 62500.
For long positions, remember to monitor the stop loss. Ready to flip at any time; short positions are very strong, long positions are barely holding, but there is market demand. Yes, it must also satisfy emotional value.
View OriginalReply0
  • Pinned