I still remember the last time BTC fell below around 80,000. I stubbornly held on for three days, and ended up doubling my losses. Since then, I’ve reminded myself: when support breaks, it breaks—don’t make excuses for yourself.
Now $BTC is quoted at 80,854, down 3% for the day. The 81,000 round-number level above is acting as resistance, while the previous low at 80,168 below is providing support. The funding rate is only 0.005%, the market isn’t crowded, and there are no signs of overheating.
My approach: if support holds, you can try a small long position, targeting the resistance above. If support breaks decisively, cut your losses without hesitation, with 80,000 as the next level to watch. Open a position with 5,000 U, and always use a stop-loss. On the road to recovering a 200,000 U loss, take every step carefully.
#ContractTradingInsights
#OpenAI
Now $BTC is quoted at 80,854, down 3% for the day. The 81,000 round-number level above is acting as resistance, while the previous low at 80,168 below is providing support. The funding rate is only 0.005%, the market isn’t crowded, and there are no signs of overheating.
My approach: if support holds, you can try a small long position, targeting the resistance above. If support breaks decisively, cut your losses without hesitation, with 80,000 as the next level to watch. Open a position with 5,000 U, and always use a stop-loss. On the road to recovering a 200,000 U loss, take every step carefully.
#ContractTradingInsights
#OpenAI