I was too impatient with my trades. $BTC It bounced back to 78.8k on Sunday, and I thought the uptrend would continue on Monday, so I opened a few long positions on altcoins... The rest, as you can see, is a steady slide with no sign of a bounce.
Now
$BTC
It has broken below 77k and reached the 76–75k range. This is the bulls’ last line of defense. If it breaks below that, 73k is next.
I’m hoping it will consolidate in the 77–76k range and then bounce. I wouldn’t short here unless it can break below this range in one go; otherwise, shorting is still very risky. Better to wait for a chance to go long.
Don’t panic, don’t panic. The opportunity will come. Even if there’s no bounce and it breaks below a key level, we can still follow the move and short.
Long liquidations among large accounts are concentrated around 72.7k. The key thing to watch now is whether there’s an opportunity to go long in the 76–75k range.
Now
$BTC
It has broken below 77k and reached the 76–75k range. This is the bulls’ last line of defense. If it breaks below that, 73k is next.
I’m hoping it will consolidate in the 77–76k range and then bounce. I wouldn’t short here unless it can break below this range in one go; otherwise, shorting is still very risky. Better to wait for a chance to go long.
Don’t panic, don’t panic. The opportunity will come. Even if there’s no bounce and it breaks below a key level, we can still follow the move and short.
Long liquidations among large accounts are concentrated around 72.7k. The key thing to watch now is whether there’s an opportunity to go long in the 76–75k range.
