This round is a typical “sweep first, then kill,” and the market action isn’t gentle at all. $BTC first popped upward, lifting a bunch of people’s emotions, but it didn’t hold up above, then turned right back down—only in that instant did the real direction show.



What I was watching wasn’t the pump candle, but the reaction around 78051.2. After the price surged up, it didn’t continue with increased volume; instead, it quickly fell back below a key level—this is already critical. Many people got pulled in by the fake breakout, hesitating whether to add positions, while the shorts took advantage of that timing to press the pace lower.

Currently the price is at 64114. The short position shows floating profit at +3107.54%, and the room for volatility has opened up smoothly. At this level, I won’t blindly get greedy. Since the profit has already been released, I can first handle it with an 80/20 approach: take the bulk off first, then keep the remaining position with a protective level and monitor whether it continues to weaken.

The hardest part of trading is not getting fooled by the first look. If you didn’t catch it, don’t rush to chase—especially after a sharp selloff like this. Don’t chase the trade; waiting for the next opportunity will feel better.

$ETH $SOL
BTC-1.20%
ETH-2.75%
SOL-1.89%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned