The reason there hasn't been any content update in the past few days is because my position is trapped. I don't want to say too much; even if I put it out there, no one would believe it because many people saw Bitcoin at 120,000 after it hit 110,000 a few days ago. I also don’t want to receive other information that could affect my direction.
As for why I am holding the position without stop-loss, I have my reasons. First, there is a bearish hammer pattern on the daily chart, and secondly, there is a bearish double top pattern on the four-hour chart at the recent high. You can check for yourselves.
As for when I plan to hold until, if the middle band of the Bollinger Bands at 1065 cannot be regained tomorrow, there is a high probability that we will test 1020 or even break below 10. That is my current view; if it returns to 1065, just consider that I didn’t say anything!
The market has no right or wrong; both long and short positions can be profitable. I am not mocking those who are bullish at 110,000 because I was also trapped for a long time when I was bearish at 108,000. If it weren’t for these two patterns, I might also consider stopping my losses. Everyone is their own trading god; just focus on doing well yourself. 🙏