The short position is closed too. I'm heading out!
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恐龙博士
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Bitcoin $BTC This move—I think the adjustment may not be over yet, so I’ve closed my long positions for now. No need to chase these few rebound candles.
Looking at the 4-hour structure, there has been some recovery after the sharp drop, but the rebound has yet to reclaim the 79,800–80,000 area. After recently pushing up near 78,800, the price pulled back again. To me, this still looks more like a consolidation and recovery after a decline, not a confirmed trend reversal.
The main level I’m watching next is around 76,500.
It’s close to the recent lows, so I plan to wait for a retest and see whether we get a pattern of “dip and recover, then retest without breaking down.” If buyers step in, I may take a small position for a rebound, rather than blindly going long as soon as the price hits that level.
The plan is to trade a rebound, not bet that a bull market is about to return.
First, I’ll watch to see whether the price can reclaim around 78,800, then I’ll look at resistance around 79,800–80,000. If the rebound can’t push higher, I’ll scale out in batches rather than turning a short-term trade into a matter of faith.
If the price breaks below the recent low near 76,300 and can’t reclaim it for a while, then this long-entry thesis may no longer hold. If it’s time to exit, I’ll exit—I won’t keep adding as the price falls.
If it rallies without a retest, I’m okay with missing the move.
Looking at the 4-hour structure, there has been some recovery after the sharp drop, but the rebound has yet to reclaim the 79,800–80,000 area. After recently pushing up near 78,800, the price pulled back again. To me, this still looks more like a consolidation and recovery after a decline, not a confirmed trend reversal.
The main level I’m watching next is around 76,500.
It’s close to the recent lows, so I plan to wait for a retest and see whether we get a pattern of “dip and recover, then retest without breaking down.” If buyers step in, I may take a small position for a rebound, rather than blindly going long as soon as the price hits that level.
The plan is to trade a rebound, not bet that a bull market is about to return.
First, I’ll watch to see whether the price can reclaim around 78,800, then I’ll look at resistance around 79,800–80,000. If the rebound can’t push higher, I’ll scale out in batches rather than turning a short-term trade into a matter of faith.
If the price breaks below the recent low near 76,300 and can’t reclaim it for a while, then this long-entry thesis may no longer hold. If it’s time to exit, I’ll exit—I won’t keep adding as the price falls.
If it rallies without a retest, I’m okay with missing the move.