$BTC Today’s BTC’s most “under-control” move is right where you’ve just decided, “I’m not chasing anymore,” and it pushes up to around 71,800.
It’s up 11% in 24 hours—of course that’s tempting, but the “courage” in an account usually grows faster than margin. Regular traders are only slightly net long, but large positions have about 60% stacked on the long side. Big money is taking profits, and even when they wash the highs, it won’t be very gentle.
In the next 1–3 days, look at the 69,800–73,500 zone first. If 72,000 holds firm, good luck could continue toward around 75,000. If 69,800 can’t hold, then pull your hand back for now—don’t let a single retracement wipe out all the previous happiness.
It’s up 11% in 24 hours—of course that’s tempting, but the “courage” in an account usually grows faster than margin. Regular traders are only slightly net long, but large positions have about 60% stacked on the long side. Big money is taking profits, and even when they wash the highs, it won’t be very gentle.
In the next 1–3 days, look at the 69,800–73,500 zone first. If 72,000 holds firm, good luck could continue toward around 75,000. If 69,800 can’t hold, then pull your hand back for now—don’t let a single retracement wipe out all the previous happiness.