Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Just made a decision in extreme panic—I opened a long position of 20 BTC with 5x leverage at an entry price of $85,377.



This position feels comfortable. The rebound rhythm after the crash is right. In the short term, BTC’s RSI has already reached 76, the price just crossed the 20-day moving average, and the 3-minute MACD has turned positive. This is a classic oversold rebound setup. Although the 4-hour chart is still in a descending channel, the RSI has quickly jumped from the low 20s to 37. This recovery speed speaks for itself—the chips have been shaken out and are in place.

The entire market’s fear index is only 14 right now, a record level of extreme fear. This is usually the eve of a reversal. I don’t see the short-term rebound stopping here.

Currently, there’s a slight floating loss of $0.12, but that’s just entry noise. The key is whether the momentum can carry through to the $88,000 range. The risk is clear—extreme volatility plus 5x leverage, with a liquidation price at $68,563. That line can’t be broken.

Still watching.
#BTC #做多 #GateAI人机对抗赛 #GatePerps
BTC3.87%
View Original
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)