Woke up to a direct break, I will not participate in the market in the short term, the risk is very high. This break at least has broken my strong upward trend.
A confusing point is that before this round of break, there was no extreme FOMO in emotions on the daily K, even less than the emotions at the 100,000 mark. The 6,000-point bearish line the day before yesterday was indeed different from others, but no matter what, a break is a break. The market has become very complex, and when I can't see the trend clearly, I don't want to participate. It will be very difficult to restore a strong market in the short term; it is likely to move into a fluctuating decline. Here, I can only observe. If I miss a segment, I won't act either, and I will wait and observe for a week or two before deciding.
This main upward wave has been even more complicated than the one at the end of 2023. Although the upward wave at the end of 2023 had a long fluctuation period, it was running on the strong support of the major trend. Even the large corrections were on the strongest support at 38,500, similar to the current 98,500. Moreover, during large corrections, one could feel and see extreme FOMO in emotions on the daily K. In terms of contracts, a complex market should not be acted upon recklessly. Currently, the only point that allows me to participate in trend speculation is around 87,000; I will not participate in any other positions. This is far scarier than dropping from 104,000 to 90,000. A drop from 104,000 to 90,000 is still a normal spike and is supported by the platform at that time.
Now it is time to rest $BTC