55K full position BTC spot profit, did you miss out? How to deal with it?
After the Trump shooting incident on Sunday, the probability of his election increased greatly. $BTC quickly pulled up and broke through the downward trend line and MA20;
The market since July 5th is very strange, and the bottom is grinding. Although we bought the bottom spot at 55.1K, the long orders in the 57-59 range were stopped;
After reading Twitter, many people missed out. If you also missed out, it’s not your fault. Because it’s difficult to buy the bottom this time:
1. $BTC BTC broke through on Sunday, the volume is not large, and the gap is below;
2. Trump’s incident was sudden, and there was no opening of US stocks, so it’s difficult to judge the degree of good news;
3. Most KOLs are bearish on BTC to below 50,000 or even 40,000;
4. Germany has just sold out, and Mentougou has not started selling;
5. The market sentiment has been very pessimistic in the past ten days;
6. BTC did not step back at the daily level, and it directly reversed.
So, forgive yourself.
The difference between left-side and right-side bottom-picking:
1. For left-side bottom-picking, the purchase price will be relatively low, but you need to bear the risk of a lower bottom and the pain of being stuck;
2. For right-side bottom-picking, the purchase price is relatively high, the stop loss is easy to set, and the risk is relatively low, but the buying opportunity is short, it is easy to catch up, and you will suffer the pain of being empty;
According to statistics, the psychological pain of selling at a high price and missing out is greater than the pain of being stuck;
Why the market is so weird:
1. The market is short of funds, and there are only local bulls before the interest rate cut;
2. The main force does not have the ability to bring many people on board; so it must be deep smashed and quickly pulled to wash the market;
Countermeasures:
1. Take the spot we bottom-picked, at several BTC resistance levels of 65K, 69K, and 71K, I will pay attention to the small-level patterns, and if there is a decline, I will stop some profits respectively;
2. The contract is waiting for a retracement test, or other small-cycle opportunities, with a good stop loss and choose the opportunity;
3. Mainly do favorable varieties, btc (Bitcoin Conference at the end of the month), $ETH (Ethereum ETF), $SOL (next year's ETF, September upgrade), etc.
4. Copycat: I will buy back some of the ones that break through the downward trend line and stand on the daily MA20, and plan ahead for the copycat season in October;
5. Mentougou is expected to be redeemed within 2 months. On the day of redemption, I will stop part of the profit and pay attention to the market pressure.
I added some of the US stocks recommended yesterday at the opening. $COIN / $CLSK / $MARA / $RIOT / $TNA / $DPST have good profits. Congratulations to the friends who followed.