After BTC surged to 79,000, don’t get excited too quickly
This BTC move is truly stronger than many people imagined.
Starting around 63,000, it broke through 70,000 and 75,000 along the way, reaching as high as around 79,000.
A lot of people were waiting for a pullback, but what they got wasn’t a drop—short sellers were continuously forced to stop out.
However, now that we’re at this level, I actually think we should stay calm.
When prices are rising, it’s easiest to make money—and also easiest to get carried away.
Right now BTC is already consolidating around 78,000. The 79,000–80,000 area is short-term resistance.
If it can continue to break out here with increased volume, market sentiment could further intensify.
But if it fails to attract new buying after the push higher and quickly falls back below the resistance level, then short-term traders should be careful about taking profits.
This cycle’s move out of the lows is often not where the most comfortable profits come from chasing.
Instead, you hold positions while others still don’t dare to believe, and control risk while the market is going crazy.
Now I’m paying more attention to one point:
Can the 75,000 level continue to hold?
If it holds, there’s still a chance for the trend to move higher.
If it doesn’t, the short term may need to shake out the market and re-distribute positions.
The market never rises in a straight line forever. The more疯狂 it gets, the more you need to stay clear-headed.
I record my trading logic and market views every day. If you’d like to discuss the market together, you can follow me.
#标普500期货下跌 #布伦特原油跌1.87%
This BTC move is truly stronger than many people imagined.
Starting around 63,000, it broke through 70,000 and 75,000 along the way, reaching as high as around 79,000.
A lot of people were waiting for a pullback, but what they got wasn’t a drop—short sellers were continuously forced to stop out.
However, now that we’re at this level, I actually think we should stay calm.
When prices are rising, it’s easiest to make money—and also easiest to get carried away.
Right now BTC is already consolidating around 78,000. The 79,000–80,000 area is short-term resistance.
If it can continue to break out here with increased volume, market sentiment could further intensify.
But if it fails to attract new buying after the push higher and quickly falls back below the resistance level, then short-term traders should be careful about taking profits.
This cycle’s move out of the lows is often not where the most comfortable profits come from chasing.
Instead, you hold positions while others still don’t dare to believe, and control risk while the market is going crazy.
Now I’m paying more attention to one point:
Can the 75,000 level continue to hold?
If it holds, there’s still a chance for the trend to move higher.
If it doesn’t, the short term may need to shake out the market and re-distribute positions.
The market never rises in a straight line forever. The more疯狂 it gets, the more you need to stay clear-headed.
I record my trading logic and market views every day. If you’d like to discuss the market together, you can follow me.
#标普500期货下跌 #布伦特原油跌1.87%
