BTC returns to $120,000, what will you do in a short position?
The first step is not to rush into the market, but to use the EMA moving average as a price defense line. This way, whether you choose to chase the long or wait for a pullback, you can clearly define your stop-loss position.
The second step is to focus on the 1-hour and 4-hour time frames. These two time frames can help you see the structural rhythm clearly while avoiding disturbances from short-term fluctuations in the 5-minute and 15-minute charts.
The third step is to wait for the price to retrace to the EMA moving average and stabilize, or to confirm support after a breakout and pullback, then consider gradually entering the market. This way, the risk-reward ratio and win rate will be more secure.
The benefit of this approach is that you won't blindly chase orders at high levels out of anxiety, and it also ensures that once the market reverses, you have a clear exit mechanism.
To put it simply, as long as you can find a stop-loss, there is no such thing as missing out. Missing out is just a buzzword used by analysts to gain traffic.
What if it breaks out and the pullback doesn't fall below?
Then it is highly likely that it will go to the next range, which is $137,000. If it encounters resistance, there is a risk of returning to the yellow line position again. Of course, this will once again test the key support at $117,000.
