10.27 Bitcoin’s rebound is weak; bears at higher levels can stay seated and buckle up
Lao Bao’s Coin Harbor, Episode 397:
Yesterday, we wanted to re-enter around 815, but the market was too weak and didn’t give us the chance.
So, when things remained weak in the evening, we changed our approach—from trying to force an entry at the highs
to jumping straight in when a weak rebound reached a key level. So far, the results have been decent.
One thing to watch during the day is whether the price can quickly recover after breaking below 79.
If it can’t, the odds of another leg down tonight will increase.
P.S.:
Long-form videos discuss trends; short-form videos explain the logic. In trading, the most valuable thing is your trading logic, while entry and exit points are the least important.
Our daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Lao Bao’s Coin Harbor.
Lao Bao’s Coin Harbor, Episode 397:
Yesterday, we wanted to re-enter around 815, but the market was too weak and didn’t give us the chance.
So, when things remained weak in the evening, we changed our approach—from trying to force an entry at the highs
to jumping straight in when a weak rebound reached a key level. So far, the results have been decent.
One thing to watch during the day is whether the price can quickly recover after breaking below 79.
If it can’t, the odds of another leg down tonight will increase.
P.S.:
Long-form videos discuss trends; short-form videos explain the logic. In trading, the most valuable thing is your trading logic, while entry and exit points are the least important.
Our daily videos are for reference only and do not constitute trading advice. Thank you for your continued attention and support for Lao Bao’s Coin Harbor.