Frequent stop-losses, poor liquidity, and unsteady trading are all rooted in a lack of advance planning, no anticipation of the trend, and no set positions. Once the market reverses, you’re at a loss. Others have plans for every step, while you have no method, naturally leading to constant passivity and frequent losses. On Tuesday, the price comparison saw a pullback, with Bitcoin retracing 2,000 points from its high, falling back to around 79,800 to halt the decline and rebound, while the trend simultaneously declined to around 2,255. Yesterday, although the overall strategy diverged somewhat from the market trend, Lao Hu relied on strong adjustment skills to make a small profit and exit. In the morning, I placed a buy order at 80,800, but the price comparison rebounded weakly, so I held only briefly and took a 470-point profit to exit. In the evening, I bought again at 80,200, but when the price later broke below 80,000, I judged it was just testing the support below. I then reminded to hold the position and lower the stop-loss. The market subsequently rebounded as expected, ultimately closing with all positions at 80,800. Market trends are unpredictable; no one can always judge correctly. The key is how to respond when your strategy deviates—that is the true core of trading.

From a technical perspective, the short-term has officially entered a correction phase. Mainly because the weekly and daily charts show too many consecutive bullish days, and the overall space created by volume during the breakout is large. After releasing momentum, there has been no correction phase, so a correction for a period is normal. The daily chart, since the May rally, has shown its first two-day decline, still signaling a pause rather than a clear trend reversal. The trend remains bullish, but it may enter a period of oscillation. On smaller timeframes, after yesterday’s pullback, there was no significant rebound, possibly because support has not yet been confirmed. Today, there is still room below, and during this correction and oscillation phase, most of the time, one can participate in the dips. Due to the shifting strength of momentum, the price may show a step-back pattern, so today should not be chased like before but rather used to buy on dips, looking for support to follow the trend. The morning plan is to buy on dips, and the decision will depend on the strength at midday.

Trading suggestions:
Bitcoin 80,300–79,800 area buy, target 81,800
Ethereum 2,270–2,250 area buy, target 2,360