Bitcoin has officially entered a correction mode. Will it return to the previous range of fluctuations? #
In previous articles, I advised everyone to short at highs, primarily because there was no sufficient reason for a significant rise in the short term. The recent surge was due to Trump's significant reduction of tariffs on China, which was seen as a positive factor.
For community members who followed the trading rhythm, if you bought around 92000 or 94000, your average price should be around 93000. If your average price hasn't reached this level, it's likely due to the proportion of funds you allocated for incremental entry. Conservative profit-takers should exit around 90000, while those managing trading risks can consider exiting around 88000, depending on personal circumstances.
Let’s talk about the role of grid trading during this period. For the past month or two, Bitcoin has been fluctuating within a range, and the returns from grid trading have been quite considerable. Those who exited with profits during the recent rise beyond the range should have done so, while those who didn't break out can also conclude their trades and wait for a correction to reopen positions. If you are in for the long term, just hold on. The financial return is not less than 5%, which is a very good trading strategy for those who have financial needs but do not want to take risks.
Bitcoin has entered a correction phase, predominantly shorting at highs, and avoid trading against the trend. From the perspective of profit probability and risk-reward ratio, it is not suitable to go long. $BTC $ETH $SOL
