Everyone has different views on the $BTC pancake. I am just expressing my personal opinion, and discussions are welcome if there are differing views.
First of all, I personally took a lot at 98600, but I couldn't make additional purchases, and now I've basically exited most of my position. I am not sure if I can continue to be bullish, but I know that it is time for me to leave. Even if it goes up further, it may not have much to do with me; I will only do what I understand.
Secondly, this corrective phase has basically completed, satisfying the 100% Fibonacci extension and the descending trend line. If it breaks through here later, we might see a new high, indicating that the market is improving and continuing to perform well.
However, if it does not complete the breakthrough here, or if the breakthrough fails, what I hope to see is the content in orange text. I will look for positions to continue buying in the range of 93300-96000.
Of course, currently, both MACD and RSI indicate a bullish trend, and a correction as I mentioned may not occur, but the market is ever-changing and can adjust at any time.
I hope everyone can do better and better in this market! #BTC