Has the Christmas market trend started to reverse? Let's talk about today's viewpoint
First, let's review the entry of the short position at the 96 line during yesterday's live stream
After three rounds of averaging down, I finally managed to break even on the position. Only those in the live stream can understand how exhilarating the process was. Although I didn't make a profit, compared to other short players, I probably did okay
I'm not bragging about how great I am; the events have already happened. When the price broke through the trendline, I knew the direction was wrong, and my subsequent actions were merely damage control. I wasn't even thinking about making a profit; even a small gain or loss to exit would be good. No hesitation in opening positions, no regrets in closing positions. Right is right, wrong is wrong; I won't cover up my mistakes
From the market's perspective
The four-hour downtrend line was broken last night at 965, reaching a high of 994, almost returning to an uptrend. Currently, the price of Bitcoin is hovering around 98. This entry point for going short is not a good position; it's advisable to observe for now and synchronize actions with me
The 15-minute small timeframe today is very similar to yesterday's daytime movement. There's a possibility of another upward surge tonight, especially after last night's breakout of the trendline with no hesitation in the upward movement
On the daily chart, the candlestick patterns on the 22nd, 23rd, and 24th formed a morning star bullish pattern, which is generally a very strong reversal signal during a downtrend
In terms of news, the US stock market is closed today, and there isn't anything noteworthy. Last night, Grayscale's address transfer was mostly just a damp squib
In summary, the suggestion for the short position tonight is to observe. If you really want to trade, feel free to join the live stream at 22:40 to chat
