Let's talk about this wave of Bitcoin's market trend, combined with my current position.



Explain your entry logic, review and reflect, and share your genuine feelings about the current market situation.

Why gamble on a downward move around 66,400?
After the previous high of 67,300 faced resistance and pulled back, the recent market movements have actually been quite typical of a "staircase-like decline."

That position is exactly a key point where funds are testing a rebound but are clearly constrained. Coupled with recent exchange rate fluctuations and macroeconomic pressures, the market feedback indicates that the bullish strength is relatively weak.

In line with this weak market rhythm, setting a position with a suitable risk-reward ratio is the core basis for my current operation.

Hidden risks in the current position and self-review:
To be honest, although this position is showing unrealized profits, there are obvious flaws in my operation.

The biggest mistake was when the price rapidly dropped to the 62,270 24-hour low point—I was greedy and did not execute partial profit-taking.

The result was that the subsequent strong rebound to around 62,900 caused a certain degree of profit retracement on the books.

Using 100x leverage is a double-edged sword; profits can surge quickly, but with a slight misjudgment, the retracement can be painful.

The pros and cons of this position's gamble and subsequent defense:
Currently, the price is repeatedly tugging around 62,900.

The benefit of holding long here is that the previous low of 62,270 has not been fundamentally broken. If the market stabilizes, there is a chance for a short-term emotional recovery and rebound.

But an undeniable risk is that the daily trend remains weak. If overall market sentiment surges again, it could easily test the key support zone below.

Therefore, at this stage, protecting the gains is the top priority. The next step is to tighten the defensive bottom line, implement trailing stops, and avoid chasing for full gains.

Taking profits and securing the position is always the right move in this market. Feel free to discuss #我的Gate交易时刻 any questions.
BTC0.61%
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BtcPony
· 7h ago
Hop on! 🚗
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