$BTC

This order is the first losing order I have this month.

I still want to mention this market situation to everyone.

Many brothers are anxious, but there's nothing we can do about the loss. However, the stop loss isn't very big, so it's alright.

Now, regarding the market, every time I make an order, it's not just about seeing a naked K or seeing resistance and support to go long or short; that definitely won't work.

In fact, my confidence in this short position today is about eighty percent likely to be profitable, because there were multiple indicators showing a bearish signal this morning.

1. The naked K closed with a bearish candle at the EMA 200-day moving average, confirming effective resistance.

2. The K line is rising while the volume is diverging, which means a top divergence (bearish).

3. The MACD bullish bars turned from hollow to solid, indicating that the bulls are gradually weakening, which may lead to a reversal or pullback.

4. The J value of the KDJ indicator is above 100, indicating an extremely overbought state, which is essentially bearish.

Resistance level + naked K + divergence + indicator resonance indicating bearishness, which is why I asked everyone to cancel the short orders at 85450-85500 from yesterday and make market orders instead.

However, in reality, even without volume, the price has risen against these indicators and resistance levels, so it's truly helpless. But the stop loss is small, and with a risk-reward ratio and winning probability, I will engage in the game.

So, I'm not always making profits; I can only minimize risks. Winning feels great, and losing doesn't hurt much.

Furthermore, if I make a profit, I will continue to open orders based on the previous direction and thought process. If I lose, I will change my strategy, especially in this unusual upward trend, so I won't open any orders tomorrow; I will wait for the specific pattern on Monday to make arrangements.

No need to place any pending orders either.

Good night!