Warm reminder: The Bitcoin reversal signal has appeared. Will you be able to benefit from this market trend? After testing the 90,000 mark, Bitcoin has shown weakness and decreased volume, indicating that even if it rises, the space is very limited. Therefore, shorting near 90,000 has a very good risk-reward ratio!
I wonder how many people have entered the market around 89,000 Bitcoin. I have made three additional purchases, bringing the average price to around 88,000. To be honest, the surge in the past few days has indeed been unexpected, and position management is particularly important!
Here, I want to share some trading insights. Some people are indeed quite extreme; they do not allow any trading mistakes, and even unexpected market strategies are not acceptable. These people may not understand the essence of trading at all. Trading is about betting on probabilities; there is no certainty in profit, only relatively certain market trends, which is the trend trading I am doing now.
The core practice of trend trading is proper position management, adopting suitable trading strategies based on different market conditions. As long as the predicted direction is correct, place your orders and strictly execute your trading strategy; the rest is left to time.
I have previously mentioned that in the crypto trading sphere, it is best not to engage in short-term heavy positions for take-profit and stop-loss trades. A random spike can easily trigger your stop-loss. Multiple stop-losses are equivalent to liquidation, which is meaningless! In trend trading, stop-losses are basically not considered. Instead, it involves adding to positions after reaching certain target levels, like this time Bitcoin reaching the 90,000 mark. For short-term trading, heavy positions, whether short or long, have not really brought much benefit. This is the essence of why ordinary people cannot make money in trading!
The longer the time, the lower the win rate relatively, and the more frequent mistakes occur. Knowing that I am an ordinary trader and understanding that speculative trading ultimately does not earn money, the unchanging goal remains an addiction to gambling, with an excessive sense of luck, just like buying a lottery ticket, hoping for that one in ten thousand or even one in a hundred million chance.
Returning to the Bitcoin market, the current trading remains to short at highs. I personally do not have a bearish view on Bitcoin; it's just that shorting at this stage offers more space than going long. The first target for take-profit is around 85,000, and the second target is around 83,000. Place your orders and patiently wait!