1. Awareness! Awareness! Still awareness! Firstly, I believe that being able to survive this major drop caused by deepseek is a reward for my low-leverage operation. Traders should respect the market; how can one achieve compound interest by frequently killing high leverage? After confirming a bull market, one should steadfastly hold long positions! Of course, regarding altcoins, I still adhere to my own understanding. Cut losses when needed, take profits when possible, never be overly sentimental! Looking forward to a wave of market activity during the Spring Festival!
There is no doubt that the long-term weekly chart of Bitcoin is in a bull market; the short-term (5-week and 10-week moving averages) currently do not show a high-level death cross. This determines the overall direction!
Successfully established a stand on the lower mid-term moving average on the daily average line, but the directions of the short and long-term are not consistent, fluctuating up and down. However, considering Bitcoin's previous strength, it may break through the 5-day and 10-day moving averages at once. Currently, I have a long position of 0.9 times leverage at around 103,100.
The current rebound of the 4-hour moving average is still uncertain whether it is a rebound or a reversal. The upper and lower moving averages are not in a bullish arrangement, and there is a triangular consolidation range. A breakout could lead to increased positions.
The movement of the 1-hour moving average is basically the same; after consolidating, it has broken below all moving averages. It is in a bearish arrangement.
Personal plan
1. Increased positions yesterday; the current average price is around 103,000 for long positions at 0.9 times the leverage, continue to hold.
2. Wait for a slight pullback in the evening to continue increasing positions, with a total left-side position not exceeding 1.5 times the leverage. I will increase positions again when the right-side triangle breaks out!
3. To say a bit more, trading is more about waiting! Waiting for what? Waiting for market conditions that one can understand, not needing to place orders every day! I like trends; low leverage and low frequency are factors in controlling drawdowns, and they are also key to compound growth.
4. This is just self-motivation, self-improvement, and enhancement, aiming to go higher and further! It does not constitute investment advice!
