I woke up around four or five this morning and just happened to catch the lowest point, immediately shouting to buy the dip in the group. The morning rebound wasn't high yet, but since the afternoon session, the European market's rebound has been a bit stronger, all within expectations. Now, the 12-hour MACD has already turned upwards, and soon the 1-day line will turn as well. BTC has pulled back from 73600 to this morning's 66800, a drop of nearly 6800 points. Even if it goes down further in the short term, there is only an adjustment space of about 700 to over 2000 points. So, the buy orders I suggested in the range of 67700-66850 over the past two days, I mentioned this morning to take 2/3 or 3/4 off at 68250 and 68800, and for the remaining position, set a higher take profit at 69400, ensuring to break even near my average cost price. For the conservative ones, they can also close all positions. Regardless, do not let this buy position fluctuate and give back profits after the election results come out tomorrow; otherwise, if it drops down again to new lows, adding to your position will be heavier. Although the rebound will also bring quick profits, the profit won't be as substantial as holding an empty position to seize a bigger opportunity.
As for spot trading, for those who already have a lot of positions like me, I have no motivation to add more at this position. For example, my SOL spot cost is 46, if I add more, my average cost will rise to above 80, which is unacceptable. I will gradually sell the low-cost spot until the entire bull market ends, and I don’t need to enter the market again midway. Those who only do spot trading and not contracts can add a bit to make some short to medium-term profits; for today’s low buying opportunity in spot trading, they can hold onto it. If there are new lows, they can add once more.
