After the big drop and rise on Monday, Bitcoin has once again hit the 107,000 mark today. The fluctuations are large, the time for position changes is quick, and before people can react, many retail investors have already lost their chips.
In the face of this crazy market washout, how should we operate steadily?
Understanding the trend: Horizontal adjustment after a big rise, transitioning to a slow upward trend.
First: Light positions to test the waters, what if there is a big rise this time? Many retail investors either face key resistance or exit their long positions halfway, without any pullback opportunity to confidently go long.
I estimate many people, like Xiao Ge, want to go long but have no pullback opportunity, can only face key resistance, and cannot hold for long, because the trend is here.
Second: Locking in positions, the best way to lock in is to have equal positions, spaced 300-500 apart, waiting for one side to break out while exiting the other side in time, holding more of the correct side. This method may be difficult for some, but it is the best for a fluctuating market.