Yesterday morning I was still saying the trading range had broken upward, but by evening the price had been knocked right back down. It plunged from 80918 to 75208, and one bearish candle wiped out all of the previous day's gains. Now it's hovering around 76200, down more than 5% in 24 hours.
I'd be lying if I said it wasn't frustrating. My position went from being in profit to breaking even. Watching the numbers fall, I hovered over the reduce-position button several times, but in the end I didn't press it. I didn't add either—adding to my position at a level like this would be a gamble, and I don't want to gamble.
After that drop to 75208, the price did recover, which shows there are buyers waiting below. Those who chased the price between 80000 and 81000 yesterday are probably stuck, and it won't be easy to get back above that range in the short term.
For now, I'm just holding and watching. I'm neither adding nor reducing my position; I'll let the market choose its direction. $BTC #比特币 #Market
I'd be lying if I said it wasn't frustrating. My position went from being in profit to breaking even. Watching the numbers fall, I hovered over the reduce-position button several times, but in the end I didn't press it. I didn't add either—adding to my position at a level like this would be a gamble, and I don't want to gamble.
After that drop to 75208, the price did recover, which shows there are buyers waiting below. Those who chased the price between 80000 and 81000 yesterday are probably stuck, and it won't be easy to get back above that range in the short term.
For now, I'm just holding and watching. I'm neither adding nor reducing my position; I'll let the market choose its direction. $BTC #比特币 #Market
