I once believed it didn't matter if you bought $BTC at $80K or $100K, as long as you trusted it would reach $1M.
But that’s not how the market works.
Without a clear strategy, especially for profit-taking, the market will unwind you.
It always does.
Yes, long-term trends remain bullish. The $BTC supply on exchanges continues to decrease, and the broader narrative holds strong. However, this doesn't eliminate local risks.
We just witnessed $1B wiped from open interest, indicating mass liquidations and reduced leverage. Net taker volume has turned sharply negative, signaling that sellers are currently in control. If this pressure persists, a retest of $106K is possible.
So, my main takeaway:
- Stay bullish if you want, but don’t skip the basics
- Fix profits on the way up. Always
#Tradersleague #MarketRebound #BTC110KSoon?
