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This wave of $BTC long positions was realized pretty decisively. Honestly, I wasn’t too optimistic at the start either. A lot of people saw BTC grinding for a long time up front and thought there was no chance, but at this position I’d actually take a second look.
I’d already noticed this level earlier. Around 59591.4, it kept getting pressed down repeatedly and still wouldn’t break. The bears tried several times, but they couldn’t get through it. The real change came with that sudden increase in volume—once the rhythm shifted from hesitation to action, the bullish intent became obvious.
From 59591.4 to 62979.8, this follow-through has already returned +991.24%. There were also pullbacks in between. The easiest place to make a mistake is when you just started making money and you’re afraid of giving it back, or when it drops again and you suddenly want to cut.
Now I won’t chase and add positions. I’ll first raise the protection level to keep my cost protected, and then let the market run on its own. The most anti-human thing about trading is that the busier it gets, the slower you should be. If you miss it, don’t chase—wait for the next signal.
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