BTC current price is $65,000;


Based on the weekly chart, the technical outlook shows a rebound upward, but without liquidity support; downward, there’s no risk-reward advantage;
Patience to wait for a top escape at the high levels of 950,000-1,100,000;
Stop-losses for those entering at high levels are no longer meaningful; KOLs continuously calling for short positions are also pointless; following the long-term bottom-fishing strategy, even if it drops to 50,000, that’s only a 15,000 point drop;
In each cycle, when BTC’s trend hits a new high, I want to hold some positions without selling, but I can’t resist the trader’s instinct—once there’s a sign of technical decline, I want to sell. So maybe I’m not a hardcore believer in BTC;
Based on cycle estimation, the recent weekly candle for BTC is roughly around August, with the earliest likely after mid-May.
BTC-0.86%
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
  • Pin