Bitcoin's recent move to T actually wasn't handled well. At 945, I reduced half of my position, planning to add back around 965. However, plans changed unexpectedly—after a sleep, the price plunged, and I also exited my core position. It's a bit awkward.
Looking at the candlestick structure, here's the plan moving forward: if the price retraces to around 925, consider entering long positions; use the 918 level as a half-position stop-loss point; if it continues down to 908, then exit all positions to manage risk; above that, 960 will be the take-profit level for T1. Ethereum will follow this same logic.
Honestly, before breaking 908, my mindset was bullish, but once it broke below 908, that support failed. The nature of the rebound needs to be reassessed—it's very likely just a setup opportunity for bears. So, the position is crucial, and different zones correspond to different trading strategies.
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GigaBrainAnon
· 14h ago
Haha, 945 reducing positions and sleeping while the market plunges—this move is truly brilliant. The most feared thing is these unexpected black swan events.
That line at 908 is really a life-and-death line. Once it breaks, the entire logic reverses, and the bears are just waiting to buy the dip.
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MetaverseMigrant
· 14h ago
Sleeping is the most expensive; waking up to find the main position gone, haha.
908 is a watershed; once broken, you need to change your approach. That's correct.
Let's try over at 965 again; the probability isn't high.
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HypotheticalLiquidator
· 14h ago
Once 908 is broken, you have to sell everything, or else wait to be eaten by the bears.
Bitcoin's recent move to T actually wasn't handled well. At 945, I reduced half of my position, planning to add back around 965. However, plans changed unexpectedly—after a sleep, the price plunged, and I also exited my core position. It's a bit awkward.
Looking at the candlestick structure, here's the plan moving forward: if the price retraces to around 925, consider entering long positions; use the 918 level as a half-position stop-loss point; if it continues down to 908, then exit all positions to manage risk; above that, 960 will be the take-profit level for T1. Ethereum will follow this same logic.
Honestly, before breaking 908, my mindset was bullish, but once it broke below 908, that support failed. The nature of the rebound needs to be reassessed—it's very likely just a setup opportunity for bears. So, the position is crucial, and different zones correspond to different trading strategies.