Many people are making wrong trades without even realizing it! If you treat trading as a game, just playing around in your spare time, then you should operate with small funds; winning or losing won't affect your life. However, if you treat trading as a tool for making money or as a full-time job, you must take trading seriously if you want to achieve results!
All results are the realization of your understanding. If you always think you are lucky and can always encounter opportunities, you are mistaken. In any industry, those who ultimately achieve results have a very high understanding of the industry. They know how to do things correctly, rather than relying on speculative luck to earn money this time.
Many people stubbornly stick to technical indicators in trading, which is merely a superficial approach. They hardly think deeply and just do what they believe is right according to the indicators. Trend trading, however, is at a deeper level, allowing you to view the rise and fall trends more macroscopically. Judging the direction correctly is the first priority; then you can look for entry points, and finally apply the most suitable trading strategy. When you have a good risk-reward ratio, the probability of profit will also be high. All three components are essential. Once you understand this, trading becomes very simple. Just be disciplined enough to repeatedly execute your strategy.
Now back to the Bitcoin market trend: as shown in the picture, the core key resistance level is 120000, the pivot level is 115000, and the strong support level is around 111000. Therefore, our focus is on judging the direction of the upcoming Bitcoin trend. Personally, I have been advocating a short-selling strategy whenever the price is high, which means entering when it's above 120000, with the first target at 115000 or around the support level of 111000. As for why the focus is on short-selling, I have analyzed this many times before, so I won’t elaborate further. I can only say that the risk-reward ratio and the probability of profit for short-selling are the highest.
Before every real bull market arrives, there will be a bloody harvest for the bulls, almost without exception. Before the sprint to 150000, especially before breaking the historical high, the probability of a waterfall decline is very high. Therefore, what we are waiting for in terms of short-selling is such opportunities, and afterwards, we can reverse and go long while waiting for the bull market to arrive.
Observe the market trends at key points more closely; other times are almost boring market movements. If you feel restless, you can try grid trading, where oscillation helps you buy low and sell high, which is also good. First, you need to understand the rules; if you don't understand, feel free to leave a message for communication. $BTC $ETH $SOL
