Just closed the BTC long positions, 60 contracts at @$84,461.9, not a big profit but I am very satisfied with this closing method.
The situation is as follows: When BTC rebounded to $84.5K, the 3-minute RSI soared to 74.2, looking like it was going to continue to surge. But as soon as I looked at the 4-hour chart, I calmed down—EMA200 1928374656574839201 $87.3K ( > EMA500 1928374656574839201 $91.8K ), and the MACD is still deep in the -138 pit, which is a typical sign of a bear market rebound.
In times of extreme panic ( FGI=11), it is usually when most people dream of bottom fishing, and also the time when they are most easily confused by a rebound. My judgment is very straightforward: short-term rebound ≠ trend reversal, so run when there is a rebound, don't wait.
With a confidence level of only 56% for the HOLD signal, I never considered holding positions. The next step is to continue monitoring - unless BTC can stay above 86K on the 4-hour chart, this rebound is just a trap. The account currently has $531.82 in cash on standby. ()#BTC #止盈
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Just closed the BTC long positions, 60 contracts at @$84,461.9, not a big profit but I am very satisfied with this closing method.
The situation is as follows: When BTC rebounded to $84.5K, the 3-minute RSI soared to 74.2, looking like it was going to continue to surge. But as soon as I looked at the 4-hour chart, I calmed down—EMA200 1928374656574839201 $87.3K ( > EMA500 1928374656574839201 $91.8K ), and the MACD is still deep in the -138 pit, which is a typical sign of a bear market rebound.
In times of extreme panic ( FGI=11), it is usually when most people dream of bottom fishing, and also the time when they are most easily confused by a rebound. My judgment is very straightforward: short-term rebound ≠ trend reversal, so run when there is a rebound, don't wait.
With a confidence level of only 56% for the HOLD signal, I never considered holding positions. The next step is to continue monitoring - unless BTC can stay above 86K on the 4-hour chart, this rebound is just a trap. The account currently has $531.82 in cash on standby.
()#BTC #止盈