BTC Midnight Musings
To the brothers staying up late to watch the market,
Brothers, just checking in: I haven't slept, and neither has the coin. At 2 AM, this wave continues to drop; the price is already scraping the lower band of the daily Bollinger Bands, looking just like a corporate worker who has just been scolded by the boss, with no temper left. The 4-hour candlestick has drawn a descending channel, and the MACD has a clear death cross with full bearish energy bars, practically writing 'I want to drop' on its face.
But don't rush to cry; let's take a sip of water and calm down. Although the short-term looks grim, the fundamentals show that the big whales haven't run away: institutional wallets are still adding, and ETF buying hasn't pulled back. In the long run, Bitcoin is still the rebellious child that 'is neither loved by the father nor the mother but has money,' and it will eventually rise to take charge.
So what can we do now?
Simple and straightforward—wait for a rebound. As long as the price dares to touch the 'ceiling' of 114700-114500, we can directly deploy a short position, targeting 113300-112800, grab a bite and run. Don't be stingy with the stop-loss; set it at 115200, leaving some room for the market makers and also for your own heart.
Remember the mantra:
'No all-in at midnight; rebound, just short it; keep your stop-loss in check, and wake up counting money.'
Alright, I'm going to brew a cup of coffee; you all keep an eye on the market. If there's any unusual movement, shout in the group, don't bear it alone.
