This wave of upward movement is clearly a bit fast, like a weekend accumulation + inducement. Now that the MACD has increased and is starting to shrink, the 1-hour chart shows that the momentum is clearly weakening. The position of 109400 is just near the previous high, a key point for the bulls and bears to battle. I think the main force might pull up a spike and then smash it down, just to bait.

I’m not heavily short, using a 5% light position, with a stop loss set at 110200 above and a target of 107600 below. The risk-reward ratio is appropriate; I’m not chasing highs or killing lows, just waiting for an opportunity.

In addition, I placed a long order for ETH at 2520, just to hedge a bit, as the ETH structure is a bit stronger.

I won’t operate chaotically, sticking to the plan; whether the order is filled or not doesn’t matter. At this position, I’m willing to take the bet; if I lose, I’ll take the stop loss and walk away.

Unfilled orders mean no loss, and everything should be based on stability. #BTC