$BTC Strategy Amid Uncertainty – Navigating the Market's Waves
Hey everyone, Panda Brother here. Let’s dive into the recent $BTC surge. It’s been wild, and honestly, no one knows where it’s heading next. The market seems to be reacting more to Trump’s comments than any technicals right now. After a meeting with no new positive news, prices unexpectedly surged — it’s clear that one comment from him can send people rushing to buy.
So, how should we approach this? Should we rely on technical analysis, or try to predict Trump’s next move?
The Technical View
On the 4-hour chart, a convergence triangle has formed, indicating a breakout is near. I’m leaning towards shorting, but don’t just follow my lead — decide for yourself. The liquidation map shows a potential drop to $90K, which could trigger massive liquidations. It looks like the previous surge was meant to shake out the shorts and set up new buying at high prices.
Risk Management
Whatever you do, always set stop-losses. It’s a key principle in trading. I was stopped out of an 18x short position, but I’m back at it with another short. The key is to manage risk, not let fear or greed take control.
Today's Trade
Short Entry: $103,617
Stop-Loss: $103,938
Take-Profit: $102,385
This is just my suggestion — always assess the market yourself. The market is unpredictable, but with a solid strategy and proper risk management, we can ride the waves safely.