👀👀Update on the current BTC situation.
Currently, BTC continues to move sideways within a wide range of 2-3 thousand in price, causing the Bollinger bands on the 4-hour chart to narrow, predicting a strong volatility is about to occur.
As BTC is moving sideways, it is still unclear whether BTC will continue its upward trend or fall into a downward adjustment, so we need to closely monitor the candle signals to see which direction BTC will choose.
Today, the market's fear and greed index has risen to 90, which is the extreme greed level of the market. This is a level that you should be wary of and always exercise caution with the market at this time.
Those who have made profits in spot trading should take partial profits. Anyone who feels satisfied can take all profits and wait for a correction to find a re-entry point later.
Taking profits depends on each individual's position, their greed, their capital management strategy, and their investment plan.
P/s: In the recent wave, I advised the group to catch altcoin prices at the bottom on November 4, so at this point, I have advised the group to prioritize protecting profits.
As for FT, I am still making small daily profits with everyone. Making money from both sources, spot and FT, my friends.
Last night, when the market fluctuated, I advised everyone to take short positions, including a BTC short with a stop loss of only 200 and a take profit that has moved 3k in price.
For me, the more the market fluctuates, the more beautiful short positions I can have, my friends. Because my specialty is shorting.
All my analysis is just predictions based on personal knowledge. You can refer to it.