Switch to the issue of btc.
About to close this week.
This week from :104,500 down to 93,9xx
No more 1d candle analysis.
Looking at this W candle is red.
It is in the oversold zone. Many people are hoping it will recover.
The admin also gives hope for recovery. But the recovery power in 1d is limited.
- Now you divide this W candle in half. Usually, it maxes out in 1D in a weak market, at most about half of the red W candle. So around 98,xxx-99,3xx is still below the lower boundary of the red W (just about half a candle) 9400-98-99 is already quite a strong recovery.
- So at this point, there might be another red W candle next week from 98,xxx-99,2xx closing straight down to 91,xxx and pulling up to 93,3xx sw.

Therefore, for long trades, just move the stop loss up to profit as much as possible. Below 100k, there can always be another red W candle in a weak market (because if it can't go up anymore, they have to take profits)
The stop loss must always be above 94800.