Left, short position, I sold near the cost price. With major news approaching and no floating profit, not opening a position is my rule.
The best time for a short position was actually last night, but BTC did not drop to find channel support; instead, it rose. The market is not sick, and its trend has its reasons. My short position has been held until today, the third day, and the price is still near my cost price. I won't hold on; it's not because I'm not bearish, but in the face of news, I tend to lose more than I win, and I can't guess whether it will be 50bp or 25bp.
BTC is in a weak rebound on the bearish side at the daily level. Looking at the current rise on the daily level, it is a selling signal, especially if there is a rise of several thousand points tonight to 97500-100000. Do not chase the long; this is a selling signal.
At the four-hour level, the wide channel's upward bottom support remains our long support. Before BTC makes a false breakout upwards, I think the price will eventually go above 97000. However, I cannot judge well under the influence of news, so I simply do left-side trading and give up right-side trading.
Based on the above conclusion, I can derive two hanging order plans.
If the price drops first, I will long when the price reaches 86000-87000.
If the price surges up to 97500-100000 after the news is released, I will short in batches within this 2500-point range to fill my position, targeting 83000, with the first order being void.
The best time for a short position was actually last night, but BTC did not drop to find channel support; instead, it rose. The market is not sick, and its trend has its reasons. My short position has been held until today, the third day, and the price is still near my cost price. I won't hold on; it's not because I'm not bearish, but in the face of news, I tend to lose more than I win, and I can't guess whether it will be 50bp or 25bp.
BTC is in a weak rebound on the bearish side at the daily level. Looking at the current rise on the daily level, it is a selling signal, especially if there is a rise of several thousand points tonight to 97500-100000. Do not chase the long; this is a selling signal.
At the four-hour level, the wide channel's upward bottom support remains our long support. Before BTC makes a false breakout upwards, I think the price will eventually go above 97000. However, I cannot judge well under the influence of news, so I simply do left-side trading and give up right-side trading.
Based on the above conclusion, I can derive two hanging order plans.
If the price drops first, I will long when the price reaches 86000-87000.
If the price surges up to 97500-100000 after the news is released, I will short in batches within this 2500-point range to fill my position, targeting 83000, with the first order being void.