Waking up directly broke the level, I will no longer participate in the market in the short term, the risk is very high, this break at least broke the strong upward trend I had
The confusing point is that before this round of breaking, there wasn't an extreme FOMO in sentiment on the daily K chart, even less than the sentiment at the 100,000 mark. The 6,000-point bearish line from the day before yesterday indeed stood out, but no matter what, a break is a break, and the market has become very complex. If I can't see the trend clearly, I don't want to participate. It's very difficult to restore a strong market in the short term; it's likely to go through a phase of fluctuating downturn. Here, I can only wait and see. If I really miss a segment, I won't act; I'll observe for a week or two and then decide.
This main uptrend is even more complicated than the one at the end of 2023. Although the uptrend at the end of 2023 had a long period of fluctuation, it operated on strong support of the big trend, and even major corrections were on the strongest support of 38,500, similar to the current 98,500. Moreover, during major corrections, one could feel and see extreme FOMO in sentiment on the daily K chart. For contracts, complex market conditions shouldn't be tampered with. Currently, the only point that allows me to participate in trend speculation is around 87,000; I will not participate in any other positions. This is far scarier than dropping from 104,000 to 90,000. Dropping from 104,000 to 90,000 is still a normal spike and is supported by the platform at that time.
Now it's time to rest $BTC