My view hasn’t changed: wait for a run-up to higher levels, then a major pullback is next.
The weekly close is strong—bullish momentum is still there—but at this stage I choose to stand by and not rush into a trade.
My plan is very clear: I only intend to set up a short position around the 90K area. This short isn’t simply about trying to catch the top; it’s an anti-trend hedge to protect the BTC spot holdings I already have, which I will not take profit on and exit for now.
If this week’s BTC continues to range-bound consolidation, and the price quickly drops to sweep the lower lows, in the 81K–82K range, I will consider going long.
I still believe this support level can hold through a test, leading to the final push higher. The target is 90K–93K.
The yellow-highlighted area is the bulls’ biggest hurdle. Even if it breaks through forcibly, it’s very likely just a short-term wick to sweep liquidity—followed by rejection and a pullback, bringing a round of deeper declines.
Trading isn’t about blindly going long or short. Distinguish the roles of spot and futures, and set up hedges properly—that’s the key to surviving in the market long term.
If you have a different opinion, feel free to exchange ideas together.
The weekly close is strong—bullish momentum is still there—but at this stage I choose to stand by and not rush into a trade.
My plan is very clear: I only intend to set up a short position around the 90K area. This short isn’t simply about trying to catch the top; it’s an anti-trend hedge to protect the BTC spot holdings I already have, which I will not take profit on and exit for now.
If this week’s BTC continues to range-bound consolidation, and the price quickly drops to sweep the lower lows, in the 81K–82K range, I will consider going long.
I still believe this support level can hold through a test, leading to the final push higher. The target is 90K–93K.
The yellow-highlighted area is the bulls’ biggest hurdle. Even if it breaks through forcibly, it’s very likely just a short-term wick to sweep liquidity—followed by rejection and a pullback, bringing a round of deeper declines.
Trading isn’t about blindly going long or short. Distinguish the roles of spot and futures, and set up hedges properly—that’s the key to surviving in the market long term.
If you have a different opinion, feel free to exchange ideas together.
