Chen Ge did an interesting move on BTC. BTC is quoted at 64,442, and on the 4-hour timeframe, the range-bound fluctuations are converging.

The entry position is chosen carefully—not to chase the breakout, but to wait for a pullback at a key level. This trading style leans toward the cautious camp: instead of betting on a breakout, you wait for the structure to play out before taking action.

In terms of pattern, it has formed several waves in the same structure previously, which suggests this KOL has a pretty accurate grasp of the timing for this asset. The stop-loss is placed at the level where the structure is broken, creating a closed-loop logic. The difference between professional traders and ordinary retail traders is that before entering, they have already considered all possible scenarios.
#Gate Forum

—
Every day, real-time directions from multiple smart money players. I’ve filtered and compiled them together. Want to see it → check my pinned post.