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Last week, we consistently followed one approach—relying on adjusting the lows to look for a bullish trend.
The first two waves of the market were all smoothly closed with profits in hand.
Only the third wave, originally intending to first take a short position briefly, then opportunistically re-enter long, was disrupted by continuous news shocks, taking several hard hits.
Currently, the price has been strongly pushed up to around 65,800, with almost no signs of a significant pullback in the short term.
Even the third wave correction zone, which I previously was not very convinced of, has been completely negated by the market.
The facts are in front of us, and we must respect the market.
The most important thing in trading is not to be always right, but to have the courage to admit mistakes and adjust accordingly.
What’s needed now is the courage to cut losses, promptly revise the strategy, and re-enter long directly at market price, with no room for a pullback.
The short-term target is temporarily set at 67,500, and later, based on the strength of the market, decide whether to further raise the target. $BTC
The first two waves of the market all successfully closed with profits in hand.
Only the third wave, originally intending to first take a short position briefly and then re-enter long when the opportunity arose, was disrupted by continuous news shocks, taking several hits in the process.
Currently, the price has been strongly pushed up to around 65,800, with almost no signs of a significant pullback in the short term.
Even the third wave correction zone, which I previously was not very convinced about, has been completely negated by the market.
The facts are in front of us, and we must respect the market.
The most important thing in trading is not always being right, but having the courage to admit mistakes and adjust accordingly.
What’s needed now is the courage to cut losses, promptly revise the strategy, and re-enter long, directly chasing at market price without any room for a pullback.
The short-term target is temporarily set at 67,500, and later, based on the strength of the market, we will decide whether to further raise the target for $BTC.