Yesterday, after I liquidated my HBAR position, the market instead experienced a strong rebound driven by news. The chart below represents my view on the current BTC trend. For now, I will just stand aside and observe. Additionally, in terms of contract data, the proportion of short positions held by large players is increasing. If I were to trade contracts, I would lean more towards a bearish outlook, as the bottom has not been sufficiently established, and the surge brought on by news is like a tide that can easily recede.
The chart below is the HBAR 1H chart, which shows a clear three-push pattern, with the breakout momentum weakening and the adjustment period being insufficient. Therefore, if I am still holding a position now, I would definitely exit, and I might even consider reversing to short. However, I prefer to rest after making one or two trades. Resting and maintaining a flat position are very important aspects of the trading process.
$BTC
$HBAR