June 14 Market Analysis $BTC
Bitcoin has hit the current resistance level around 64300
From the chart, we see that the hourly lows are lifting at 59080, 60691, xxxxx
So here’s the question: if xxxxx creates another low
As long as it doesn’t drop below the previous low of 60691, it's a long opportunity
We can look for a natural pullback to enter long, say in the 61300-62000 range
The stop-loss level is also clear, with the sequentially rising hourly lows serving as the stop-loss point
Thus, my 15 Bitcoin short positions will also close out
Recently, I’ve examined my own issues
Many traders (including myself) feel it's tough because our subjective biases dominate
We need to approach the market from a more objective angle and observe the charts
Trade what I see, not what I think
Before the market moves, don’t predict (subjective bias)
After the market moves, then take action (objective perspective)
This view is exemplified by the one-sided decline that started in early June; where it drops to, nobody knows
Don’t fear missing out, and like me, jumping in early and getting stuck
Once the one-sided trend completes and the market gives clear signals, entering will carry much less risk
At the very least, you’ll have some psychological expectation
Order number: @老郑开单号
Bitcoin has hit the current resistance level around 64300
From the chart, we see that the hourly lows are lifting at 59080, 60691, xxxxx
So here’s the question: if xxxxx creates another low
As long as it doesn’t drop below the previous low of 60691, it's a long opportunity
We can look for a natural pullback to enter long, say in the 61300-62000 range
The stop-loss level is also clear, with the sequentially rising hourly lows serving as the stop-loss point
Thus, my 15 Bitcoin short positions will also close out
Recently, I’ve examined my own issues
Many traders (including myself) feel it's tough because our subjective biases dominate
We need to approach the market from a more objective angle and observe the charts
Trade what I see, not what I think
Before the market moves, don’t predict (subjective bias)
After the market moves, then take action (objective perspective)
This view is exemplified by the one-sided decline that started in early June; where it drops to, nobody knows
Don’t fear missing out, and like me, jumping in early and getting stuck
Once the one-sided trend completes and the market gives clear signals, entering will carry much less risk
At the very least, you’ll have some psychological expectation
Order number: @老郑开单号