$BTC Strategy Analysis

Brothers, all three orders from yesterday have just been fully closed with profit. Although the process was bumpy, some brothers asked me: should we close the position when it reaches the opening price?

I'm really amazed; you can endure losses, but why run when in profit? That's just pure speculation. I don't know if that brother who asked me has run away, but when trading contracts, you need to have patience. Below, I will briefly share my views on Bitcoin!

In the short term, it has currently formed a high-high-low pattern and is in a downward trend. However, during the decline, there will definitely be brief pullbacks. From the Fibonacci retracement perspective, the golden position is around 99000, and the current price is 98500. A pullback of around 500 points could be a good opportunity to look for a short position. The resistance level above is near 99999, and if everything goes as expected, it will likely break that level over the weekend or next week.

Brothers, I want to say here that when trading, you must have patience. Endure the losses; running as soon as you make a profit is not right.