BTC is down 1.0% today, dropping straight from 78734 to 76888.
A thousand points—gone just like that.
The futures market is definitely a bloodbath today.
If you chased longs in the morning, a single bearish candle in the afternoon likely blew you up. If you thought the drop was about done and chased shorts in the afternoon, you probably got blown up by a bounce too.
Needle wicks are the deadliest: it sweeps both up and down, blowing up both longs and shorts.
📊 On the 1-hour chart:
MA5 crosses below MA20, MACD forms a dead cross, and the short-term trend is bearish. But RSI is already oversold, so a short-term rebound is likely needed.
Don’t try to force it in this kind of market—stop-loss matters more than anything.
Anyway, I cleared my positions yesterday. Today I’m watching from the sidelines and didn’t make a move.
As long as the green hills remain, there’s no fear of running out of firewood.
Have you traded today? Did you get blown up? Drop a comment in the comment section 👇
— Hao Diao 77 | Crypto trading live, wins and losses, real records
$BTC #比特币 #合约 #熬雕77
A thousand points—gone just like that.
The futures market is definitely a bloodbath today.
If you chased longs in the morning, a single bearish candle in the afternoon likely blew you up. If you thought the drop was about done and chased shorts in the afternoon, you probably got blown up by a bounce too.
Needle wicks are the deadliest: it sweeps both up and down, blowing up both longs and shorts.
📊 On the 1-hour chart:
MA5 crosses below MA20, MACD forms a dead cross, and the short-term trend is bearish. But RSI is already oversold, so a short-term rebound is likely needed.
Don’t try to force it in this kind of market—stop-loss matters more than anything.
Anyway, I cleared my positions yesterday. Today I’m watching from the sidelines and didn’t make a move.
As long as the green hills remain, there’s no fear of running out of firewood.
Have you traded today? Did you get blown up? Drop a comment in the comment section 👇
— Hao Diao 77 | Crypto trading live, wins and losses, real records
$BTC #比特币 #合约 #熬雕77
