On Saturday, I observed BTC for a day, and currently, there are still no significant signs of a Bitcoin pullback📉 Those calling for long positions with a take profit of over 1000 points can be blocked.
I have already mentioned this during the live broadcast; since it couldn’t drop to 93000 on Saturday, it won’t form an effective decline before Monday‼️
Bitcoin is still very strong at the moment, but at this time, those analysis masters frequently calling for long positions based on retail FOMO emotions and suggesting take profits here at 1000 points or 1300 points are just harming others🥲
During the live broadcast, I mentioned a concept called the price psychological trap. Because in trading, we ultimately rely on price differences to achieve profits, rather than relying on the high or low of prices to make profits, so the key to our profits is how many points the prices differ. Many people see Bitcoin rising close to 100,000 and feel that this figure will create an illusion of huge returns. However, if we look at Bitcoin's long-term movement after 93000, it has been making a slow sideways fluctuation, with a slight upward trend, and the entire increase hasn’t exceeded 5000 points. If real traders make long positions during this period, the risk is extremely high and the profit is very little, even if you could capture the entire market after 93000. Therefore, in the actual operation process, if you cut off the beginning and end, you can only achieve a profit of around 5000 points.
So the overall profit is actually very small, and many perpetual profit bloggers, in order to cut the new entrants in the cryptocurrency space, continuously shout, 'Oh, Bitcoin take profit here at 1000 points, there at 1400 points.' In fact, these are very poor trades because Bitcoin has already risen to 99000, with an average fluctuation of 2%. This means an 1800-point market, so at this time, orders below 5000 points are relatively poor trading strategies. Seeing these spreading anxiety emotions leading to liquidation, just block them directly😁