Not much to do on the weekend, just a review. The winning streak ended with a public buy at 101880, regrettably hitting a stop loss, but our thinking and direction are fine; it might just be bad luck 😅

Let's talk about the trading strategy. At that time, the support around 100500 was considered relatively strong by Dayu, so I used this position as a stop loss to look for a bottom to go long. Combined with the market's volatility, with daily fluctuations of 1-3 thousand points and continuous oscillations for 5 days, the market broke the 104000 level and formed an effective continuation of large fluctuations. The liquidation chart indicated that breaking the 100000 mark was not significant, and basically all short positions were cleared. Even if it continued for a day, it would likely consolidate and repair for accumulation. Therefore, I considered going long at 101880 with a target of 104200-107200 (but due to news from Jianguo and Iron Man, the decline has already exceeded Dayu's expected plan, and with the 100000 mark approaching, the entry point is not good for risk control, so Dayu did not dare to gamble and admitted defeat).

Now let's discuss the future market outlook. If the bottom fishing is successful, I personally believe there will likely be a deep pullback before the 110000 mark, likely breaking the previous low of around 100300. But at what position will the market reverse? We need to find a position to test.

Risk comes first; while speculating and testing, we must also prevent reversals. We must be prepared for the worst-case scenario in case we break below 110000. So, as usual, manage stop losses well and look for points with good cost-performance that are likely to have a pullback. If there is a pullback, take profits and reduce positions while maintaining a break-even stop loss or moving down the stop loss to speculate on this wave. If the remaining position is at break-even loss, we can ladder up to find higher positions to test our speculation. If we break the 110000 mark beyond expectations, it will declare our speculation a failure 😂 If we manage to catch a big gain, but if we don’t, we minimize risks to validate results (what points do you think have a high cost-performance and are likely to have a pullback? Feel free to leave comments in the discussion area 🙏) $BTC