I don't know how many times Mr. G reminded everyone to be careful not to be deceived into Shorting, constantly reminding us. But everyone just relies on feelings, seeing the price seems high or seeing a lot of green but if there's a red candle, they rush into Short. It's so frustrating.
The post I made at noon was clearly like this, everyone following me knows, I am very dedicated to everyone, even though I gain nothing from it, just wasting time and brainpower, but I keep worrying and posting, and if anything changes, I update immediately. Otherwise, just watch for profit taking. But everyone just doesn't pay attention ๐๐
Current update on the 4H BTC/USDT chart:
๐ฅ Price: $88,384.17 (+4.46%)
Latest candle peak: $88,465.99
EMA13: $86,064.10 โ the price is much higher, indicating strong upward momentum.
Volume is increasing sharply, MACD is clearly expanding positively โ good cash flow.
RSI(14): 73.87 โ currently overbought but not showing clear divergence.
MACD & Histogram are sharply increasing โ continue to support the upward trend.
RSI is high, but there are no clear signs of weakening โ it may continue to rise but needs to be cautious.
๐ฅ Reference (short-term):
If holding Long:
Gradually take profits in the range of $88,500 โ $88,800 if you see buying pressure slowing down.
Move SL to the range of $86,000 โ $86,200 to secure profits.
Short is high risk, should only be considered if the next candle creates a pin bar + decreasing volume.
#USChinaTensions