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孤星追月
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Recent Trading Thoughts_0924 19:03
The last sentence of the previous post was: If $BTC is traded short-term, a forced liquidation price at 82000 would be safer.
1. The big picture
Based on BTC holding steady at 80,000 and not quickly breaking 90,000, even if it breaks 90,000, it cannot immediately stabilize at that level (this is my judgment).
Therefore, when BTC reaches a high level, a pullback is inevitable. Short-term long positions should not take profit at 90,000 but can set take profit at 87, 88, or 89 thousand; long-term positions don’t matter as much.
For BTC’s decline, significant resistance will be at 82,000, with 81,000 as the last line of defense. If that breaks, 80,000 will most likely not hold. Once 80,000 fails again, it will return to the 70,000 range, making BTC’s prospects this year bleak. Only 3 months remain until December.
I believe the possibility of $BTC breaking below 80,000 is extremely low. I opened about 100x leverage long positions at an average price of 84,000 with 400 USDT; take profit is set at 88,500 and stop loss at 80,500.
2. How to operate other coins
a. Those who profited from short positions should reduce at least half of their positions or even close them;
b. For coins whose trend differs from BTC, you can continue holding, such as $MUBARAK and one. If the position is heavy, it should also be reduced. There might be a slight rise but not lasting more than 2 hours.
c. Mainly long positions, while managing take profit and stop loss properly.
3. What to do if the direction is uncertain
Trade with the trend on the right side; do not rashly build positions on the left side.
Whether long or short, at least wait for 3 consecutive 15-minute candlesticks in the same direction before taking action.
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