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Bitcoin is finding support around 95,000. The current position is not suitable for chasing shorts. Instead, I am optimistic that there could be a rebound opportunity here.
If you want to do a safe short, most people will focus on the strong resistance level at 98,000. Such major resistance levels are usually tested 2 to 3 times. The first test here carries the least risk for opening a short, and the second has a decent win rate. By the third test, there's no need to force a short; it's unnecessary.
If you are not too cautious, the previous high near 97,500 is a good entry point, but be mentally prepared—if it doesn't reach, just forget it; if it does, I will definitely short. Set your take profit and stop loss properly; if there's a slight breakout, exit immediately to cut losses.
Another thing to remind everyone: the Federal Reserve's interest rate meeting is getting closer. If you hold long positions, reduce your holdings or take profits at high levels. Don't be too greedy chasing the 100,000 mark. If it doesn't reach, just take all the profits out—that's true loss.
Short positions don't necessarily need to be opened at the top. You can enter in batches and find a good average price. Instead of chasing extreme points, it's better to earn steadily.
The Federal Reserve is about to hold a meeting, which is indeed a bit annoying. Holding long positions requires caution, or you'll really lose everything
I'll definitely keep an eye on the 9.8 wave, just enter in batches
Don't pursue extreme point levels; steady profits are the way to go
The first test at 98,000 was decisively shorted, a second attempt is okay, but the third time is really unnecessary.
Now is the time to consider taking profits on long positions; don't wait until 100,000, as the probability of losing money becomes too high.
Gradually building short positions is the right approach; going all-in is a gambler's play.
Honestly, the most critical thing now is to wait for the Federal Reserve. Once that shot is fired, everything else is pointless.
Setting stop-losses properly can really save lives; many people get wiped out because they fail to do this step properly.
Gradually entering the market is a strategy I respect; it's much more comfortable than betting on the top.
Before the Federal Reserve meeting, it's really time to reduce long positions. The greed has already cost too much.
If it doesn't reach 97,500, then forget it. Don't add to your own frustration; when the rebound comes, you can actually profit.
This rebound indeed has potential. If 95,000 can't be broken through, it indicates there is still strength.
The real test is at 9.8K. Shorting for the first time is the safest, doing it again is okay, but the third time is a no-go, brother.
The Federal Reserve meeting is a very tough level. If you have long positions, you need to reduce your holdings quickly. Trying to chase the 10K mark has really caused big losses.
Build short positions gradually, control your average price well. It's much more comfortable to come in steadily than to gamble on the top.
The previous high at 9.75K makes sense; if you get there, you must short. Set your stop-loss small to avoid being scared away by minor fluctuations.
Honestly, the biggest risk in this kind of market is missing the rebound. Instead of chasing perfect entry points, it's better to earn some peace of mind first.