This week is a special week characterized by a rebound from sharp drops, as Federal Reserve officials are speaking every day from Tuesday to Thursday, and Monday saw an early decline as a precaution. This aligns with my expectation of buying the dip for BTC around 94666-93888 over the weekend, and so far it has not fallen below that range. There have already been several positions taken between 94000-94666, and the recent touch at 93888 is the first; if it retraces again, buying near the recent support point below 93800 will also be a short-term entry point.

Currently, unlike a one-sided decline, the rebounds at each support level are quite strong; the lower the retracement, the stronger the rebound. In a one-sided decline, the typical rebound is about 10% retreating to 4/6%. Therefore, the profit potential for low leverage long positions is still the greatest. However, the market conditions this week are not suitable for heavy positions with high leverage, due to significant fluctuations. If one does not take profits in a timely manner each day, it can be easy to become stuck at a certain price level. For short positions, if not taking partial profits in time according to the market structure, one can also be easily consumed by a strong rebound after a sharp drop.

I really enjoy this beauty of short-term volatility in a bull market.