10.14 Wednesday Morning Market Overview: BTC Long T1 Took 1,000 Points in Profit, Break-Even Stop-Loss Watching T2

BTC formed a bullish candle with upper and lower shadows this morning, as bulls and bears battled back and forth

Yesterday I mentioned that after BTC broke through and stabilized above 8.27 again, we could go long with the trend. T1 took 1,000 points in profit and exited, while T2 remains open with a break-even stop-loss and no pressure; the previous long at 8.27 was stopped out for a 1,000-point loss, and yesterday we earned back 1,000 points, just breaking even after losing fees and funding costs

Many friends have asked how I determine whether a breakout has stabilized. Let me briefly explain today
First, decide whether you are trading long-term, short-term, or intraday, then select the appropriate timeframe.
I switched to the 1H chart: after a pullback of four consecutive red candles, a large bullish candle surged upward, followed by a second bullish candle breaking through the resistance at 8.27. This gave an entry signal, and the third bullish candle holding above 8.27 again was the best opportunity to go long

In fact, you still need to practice more and develop your market feel by studying the charts. After enough exploration and observation, it will come naturally! Of course, stay alert for false breakouts and bull traps, so every trade must have a stop-loss

Michael Saylor said BTC has entered the early stage of a bull-market bottom and will soon return to 10W. Of course, I believe BTC will definitely return to 10W, but calling this the early stage of a bull-market bottom is a bit of a stretch. I will not comment and will only focus on the market information I see myself

BTC is rising on declining volume, with a divergence between price and volume. The market is moving somewhat sluggishly, making this the most testing moment for patience. Just continue holding the long with a break-even stop-loss; cancel the pending short at 8.44

If you are passing by, please follow, like, and comment—your support means the most to me. Thank you and much appreciated! The above information is for chart analysis only and does not constitute trade execution;
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