Actually, friends, I’m really struglling with whether to close my short position with a floating profit of 60,000 USD, and whether to stop profit or not for the long position with a floating profit of 40,000 USD.
In my opinion, BTC will fall below 60,000 and it will need to consolidate below 60,000 for a while. However, it will not fall to 58,000 then fall to 56,000,and then develop as a reverse V-shaped trend and then suge back to 60,000 after the price fell below 60,000 like this time. Therefore, I think the more ideal trend is that BTC falls below 60,000 and consolidate for a long time below 60,000, rising and falling.Then why did I open this long position? It’s not that I think the bull market going to come back, nor that I deny my own ideas, but I want to check are there any foreign technical traders who predicted that the market trend will usher in a plunge? I found that several technical traders share the same view as me, but they believe that BTC will be possoble to surge to around 80,000 after falling below 60,000. Then I backtrade this data based on some practical theoretical basis. Is it possible to rise to 80,000? Is there a market that I didn't predcit? I have verified it for a long time. I think their ideas for the price breaking through 80,000 make sens. Therefore, I want to prove the idea that whether BTC will hit 70,000 or 80,000 again by opening the long position.#BinanceLaunchpool #altcoins #BTC_MARKET_UPDATE