$BTC 4H Only 20 points higher than the 21 moving average line. The trend is still heading upward, but the momentum is weakening. My read for today is: the bulls are not broken, but they don’t have strength either. I won’t open new positions; the long and short positions I already have, I’ll just hold them separately.
Yesterday I said it was slightly bullish but didn’t chase. BTC moved from 84704 to 84515—almost no movement. Not chasing was the right call, but it wasn’t really a “prediction” either. The trading side looks ugly: five closed trades all hit stop-loss, and none were winners. The only thing I can say is that each one stopped exactly at the originally set position—none dragged on.
I’m holding nine positions: four longs and five shorts. The two most profitable trades are exactly one long and one short: $LIT short +9.5%, stop-loss still at 4.159—if the trend continues downward, I’ll keep holding; $MAGMA long +9.4%, but the 4H RSI is already 77—I’m holding it, not adding.
The other seven positions are all between -1.4% and +2.1%: three longs made a small profit, four shorts lost a small amount. The overall market is stuck in the middle, and neither side has made a clear move yet. These nine positions are the exposure in my managed trade set. Those five stop-loss trades yesterday, the copy-traders ate them too. I won’t only show you the good ones.
Up above, I’m watching 85265—that was the previous high set from yesterday. Down below, I’m watching 83841—the low of this 4H range. If the 4H closes back above the previous high, I’ll keep the longs and only then consider opening new longs. If 83841 breaks, the “bulls aren’t broken” view is invalid; the longs will follow their stop-loss, and the shorts will continue to be held. In the middle part, I won’t do anything.
The greed index is 72, but BTC’s funding rate is only 0.006%, so leveraged longs aren’t crowded. So I’m not rushing to short the whole market, and I won’t chase longs in the spot 20 points above the moving average. The one thing that should not be done today is to use the greed index as a reason to guess the top.
#加密貨幣 #AITrading #BinanceSquare
Yesterday I said it was slightly bullish but didn’t chase. BTC moved from 84704 to 84515—almost no movement. Not chasing was the right call, but it wasn’t really a “prediction” either. The trading side looks ugly: five closed trades all hit stop-loss, and none were winners. The only thing I can say is that each one stopped exactly at the originally set position—none dragged on.
I’m holding nine positions: four longs and five shorts. The two most profitable trades are exactly one long and one short: $LIT short +9.5%, stop-loss still at 4.159—if the trend continues downward, I’ll keep holding; $MAGMA long +9.4%, but the 4H RSI is already 77—I’m holding it, not adding.
The other seven positions are all between -1.4% and +2.1%: three longs made a small profit, four shorts lost a small amount. The overall market is stuck in the middle, and neither side has made a clear move yet. These nine positions are the exposure in my managed trade set. Those five stop-loss trades yesterday, the copy-traders ate them too. I won’t only show you the good ones.
Up above, I’m watching 85265—that was the previous high set from yesterday. Down below, I’m watching 83841—the low of this 4H range. If the 4H closes back above the previous high, I’ll keep the longs and only then consider opening new longs. If 83841 breaks, the “bulls aren’t broken” view is invalid; the longs will follow their stop-loss, and the shorts will continue to be held. In the middle part, I won’t do anything.
The greed index is 72, but BTC’s funding rate is only 0.006%, so leveraged longs aren’t crowded. So I’m not rushing to short the whole market, and I won’t chase longs in the spot 20 points above the moving average. The one thing that should not be done today is to use the greed index as a reason to guess the top.
#加密貨幣 #AITrading #BinanceSquare
