$BTC $BTC $BTC
For the past three days, BTC has been testing the $68,450 resistance level and getting pushed back each time. So far, it has tried to break through four times. From the market sentiment, future expectations, and trading by large players, it's clear that buying pressure has increased from the bottom. At this point, a breakout seems likely, but it’s taken a lot of effort to push the price nearly $10,000 higher, starting from the low of $58,900.
Over the past couple of days, big traders have allowed retail investors to buy around $66,000 through sideways trading. These major players are going with the trend, boosted by expectations that Trump may win the election, the U.S. economy is strong, the Nasdaq is rising, and the European Central Bank has cut interest rates by 25 basis points. As global money flows into risky investments, crypto could benefit. While liquidity in the market is lacking, there is still smart money watching for opportunities. I said two days ago that the price could rise next week, and I’m now eyeing the $72,000 level. If the pattern holds, we could go even higher, but for risk control, I’ll consider reducing my position or exiting around then—or even opening a short position.
Trading crypto is a battle between retail traders and big players, but also with yourself. If you feel it’s time to take profits around $68,000, that’s fine, as long as it aligns with your strategy and expectations. There are no guarantees in crypto. Personally, I’ve moved my stop-loss to $65,900 to lock in profits.
The more critical the market gets, the more it tests your emotions. My belief is that this current run isn’t over yet. I’ll wait patiently, and when we hit $70,000, I’ll take profits gradually. The same goes for altcoins—don’t expect to get rich overnight in crypto. If I could get rich that easily, my ancestors must be sending me luck!