This war about $BTC
I. Short-term (now)
1. I don't really want to do anything in this range, but the premise for shorting is to extend yesterday's downtrend and intensity today. However, it is clear that, although the market hasn't closed today, I haven't seen the situation I want.
2. Even if there are changes tonight, the fact that the market can't go down during the day still indicates that a significant portion of participants are bullish, which is also the reason why prices can't go down.
3. Unless the daily line forms a hammer, I will consider continuing to short. If I have to do something now, I am inclined to establish long positions. Since I am a right-side trader, this trade, which is equivalent to left-side trading, I will only use an ant position to participate in the breakout.
4. As I mentioned earlier, I have been waiting for the position at 88k subjectively, and the reason has been elaborated in previous text. From a technical perspective:
88k is a resistance level, the upper bound of a consolidation range, and the MEASYRED MOVE position for a significant breakout of a double bottom structure on the daily chart.
II. Medium-term (trading strategy)
I believe friends who follow me know clearly: if it were my style, I would not consider the current divergent market and would not participate. I will wait for the divergence to end and then join the winning side.
Let's look at the chart and see what I will do: I will wait until I reach near the 88k level, observe the price reaction, and if the bulls can strongly break through and seize the 88k position, I will join the bulls to bet on upward gains.
If the 88k level faces strong counterattacks from the bears, it will prove that the downward pressure of the larger trend still exists, and I will join the bears. The risk-reward ratio for betting at such key positions is extremely strong, but it is essentially exchanging time for space.
(I really hope for a bear victory because if the bears win, I might gain 13% profit, while if the bulls win, I can only gain 5% profit, excluding the ant position)