A friend recently asked me why I often go long when the trend seems weak. The truth is, we actually do both long and short trades within the day. However, large retracements tend to happen early in the morning, while daytime trades are usually focused on rebounds. Over the past few days, weâve generally reduced our positions around the resistance level, depending on how strong the rebound is.
Since trading is just a side job, weâre not placing trades at 2-4 a.m. every day. One or two trades per day wonât disrupt anyoneâs routine. Trading works over time, so there's no need to worry about missing opportunities in the early morning hours.
I also want to remind everyone that the current daily-level bullish trend hasnât ended yet. While the price briefly dropped below 59,500, weâre still in a battle around the 60,000 level. Whether weâre going long or short, we donât aim for big moves all at once.
Even though the recent rebound hasnât broken through the top near 67,000, itâs not over yet. The key range to watch in the medium and long term is 59,500-60,000. If this level holds, the trend remains intact, but if it doesnât, the price may continue to fall. This is a point that most traders agree on.#BTCâ #bitcoinâïž #BTCâ #bitcoinâïž #BTCâ
