New trends in Bitcoin market, can you keep up with this wave?
Friends, let me tell you something, the reversal signal for Bitcoin has already surfaced!
It tried to break through the 90,000 mark, but it seems to have lost some momentum, which means that even if it rises further, the room for growth is quite limited. Therefore, shorting near 90,000 has a solid risk-reward ratio!
Speaking of which, back when it was at 89,000, I don't know how many people rushed into the market.
Let me share some trading insights with you. Some people are too extreme in their trading, feeling that the market is wrong with just a slight change in the wind, and their strategies can't keep up.
In fact, trading is about betting on probabilities; there is no guaranteed way to make money. There are only relatively certain market trends. So, I now engage in trend trading, steady as she goes.
The key to trend trading is managing your position well. Use the appropriate strategy for each market condition, if the direction is correct, feel free to delegate, execute strictly, and leave the rest to time.
Also, in the crypto world, never casually engage in short-term heavy position take-profit and stop-loss trading. When a spike occurs, you will have to stop-loss, back and forth, which is equivalent to being liquidated, and that's pointless!
In trend trading, you basically don’t need to consider stop-loss. When you reach the target position, you add to your position, just like this time Bitcoin attempted 90,000. Those who traded short-term with heavy positions, whether short or long, did not gain much, and that’s why ordinary people often fail to make money in trading!
Over time, the win rate decreases, and trading becomes increasingly confusing. We all know we are ordinary traders, speculating ultimately won’t make big money. But why continue? It’s an addiction to gambling, always hoping that one day luck will be on our side.
Now let’s talk about Bitcoin's current market. Same old saying, short when it’s high. I'm not bearish on Bitcoin; it's just that there’s more room to short than to go long right now. The first target is 85,000, take profit when it reaches; the second target is 83,000, take profit when it reaches as well. The rest, just wait!
The test of a bull market is not only about the rise and fall of the market but also about the test of our mindset. In the face of account fluctuations, we must remain rational. Next, I will announce the next potential tenfold coin! Instead of guessing, grasp the opportunity! Like + comment for free sharing.
