Recently, we have been waiting for a 1-hour level pullback trend, but the price of Bitcoin just wouldn't drop. Instead, it surged again today, reaching a high of around 105800. Now many people are restless, asking in the group, "Is it not going to drop anymore? Can we still expect a pullback? Should we just chase the long position directly?"
According to my observations, the adjustment that is due will come sooner or later. The market looks strong right now, but the price can change at any moment. Chasing the price up carries quite a bit of risk; it’s better to be patient and wait a bit longer.
My long-term bullish outlook remains unchanged, the daily level rebound trend is still in place, but for short-term operations, you need to think clearly: are you going to go all in at the current price, or wait for the pullback to be in place before getting in? The cost difference between these two strategies is significant.
Additionally, I remind friends who are trading short-term that the market fluctuates too quickly. The article can only analyze the market at the time of publication, and specific operations need to closely monitor real-time trends. Don’t treat your predictions as absolute truths!
