🈳The profit margin isn’t big. Even though the market has been on a rebound these past few days, it isn’t moving in a single direction for an outright breakout. If you take profit immediately, you basically need to chase at the current price; otherwise, you’ll miss the move. A scenario where the market rises by 8 points and falls by 2 points belongs to a one-way uptrend. So for now, treat it as a normal rebound—more specifically, a daily-level oversold rebound. It also isn’t a “short the rebound” situation right now, because the daily chart has already been completing its bottoming process. Typically, bulls are stronger than bears, and bears are in a weak position—so shorting the rebound doesn’t give you the initiative for short-term trading.

So for current daily take-profit points, try to take profits every day as much as possible: take half off, then if there’s a slight pullback, you can add back. That way you can compound your position, and there’s no need to stubbornly hold on. For example, if you touch around 64,000 in the morning, you should definitely take profit on part of it, then add back near 63,555–63,333 after the pullback. As for yesterday, your long position’s floating profit has pushed upward another 1k points—so if you add to your position now, you can do so with more breathing room.

If this Thursday’s CPI cools as expected, a “rate-cut bull market” will form, and then there will be a real stretch of one-way uptrend ahead. Amateur crypto enthusiast