5.2 Saturday Morning Public Strategy | Don't get carried away by the rise, watch for pullbacks to harvest


Brothers, on the second day of the holiday, first I wish everyone a happy time, and may your accounts also turn red together.
Yesterday, Bitcoin slowly rose all the way, reaching around 789 at the highest, many people couldn't resist chasing the rally when they saw the increase, resulting in a shake at the high, and those who chased in immediately stood on the sidelines. Short sellers also had a tough time, holding on to their positions and questioning their lives.
So remember one thing: a rising market doesn't mean you can chase, and a fall doesn't mean it's bottomed out. The rhythm is more important than the direction.

Currently, the market shows that Bitcoin still has short-term upward momentum, but the resistance above 795 is very strong, which is the key area to watch today. After continuous gains, the bullish momentum has started to slow down, and chasing the rally here could easily turn you into a bagholder.
My approach is very clear: don't chase at high levels, wait for the rebound to complete, then short.
Today's public strategy:
Gradually short around 785, stop loss above 790
First target at 775, if broken, then look at 765

A word for brothers:
A rise is just a trap to lure buyers, a fall is where the profit lies. Today's mindset: short high and collect profits!
#美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #美联储利率不变但内部分歧加剧 $BTC
BTC1.39%
View Original
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
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin