Characteristics of a strong unilateral upward trend: peaks and troughs gradually rise, with basically no major pullbacks.
In comparison to the Bitcoin halving in March, apart from a major spike in between, other characteristics are consistent.
Fear of heights, waiting for a pullback?
Fear of heights? Then just keep rising, because a strong unilateral upward trend won't have major pullbacks; when a major pullback occurs, the strong upward trend has ended, and others are already selling at highs. (Refer to the March market screenshot above for specifics.)
Close positions early to take profit, missing out and regretting?
You can enter at the lows of Bitcoin's pullback, with a small stop loss.
The key point is coming!
A strong unilateral upward trend, you must be greedy; those who run away are foolish. If you don't profit in this trend, you'll only earn a little in the choppy market.
Don't let your imagination limit your profit space; who would have thought in March 2020 that Bitcoin would rise from 3000-5000u to over 68000u a year later.
Especially for those shorting, it’s even more confusing; who knows how high it will go? Isn't it better to go with the trend?
Look for the lows in the upward trend; just focus on each pullback's low being higher than the previous one (within a 1-point error). You can invest freely, holding a full position in spot and using leverage in contracts to continue holding.
If the contract has a heavy position and high leverage, you can gradually move up the profit-taking and stop-loss points, such as 72655, 73488, 74450, 75494, etc., ensuring minimum profit while leaving space for further upward gains.
If the pullback low is below the previous low, then reduce the position in spot and lower leverage in contracts. A strong unilateral trend may end and turn into a high-level choppy market or downward trend, requiring conservative investment.
