BTC SHORT: I Have Set a Stop Loss at 72,400 USD and Prepared for Both Scenarios
Currently, I am still maintaining a short perspective with $BTC , and my stop-loss level is clearly set at 72,400 USD.
For me, when the trading plan has been established from the beginning like that, there will be no surprise if the price continues to rise and hit the peak. If that scenario occurs, I simply accept the wrong order and exit as planned, instead of letting emotions carry me further.
The market in the last few sessions has not really shown many clear developments. Prices are still fluctuating in a rather uncomfortable state, not strong enough to confirm a real breakdown, but also not creating a convincing breakout feeling.
Therefore, I think this is still a phase where one needs to maintain more alertness rather than being overly confident in a single direction.
Even though I am leaning towards short, I still understand very well that Bitcoin can always test again with a strong red candle unexpectedly. As long as selling pressure returns at the right time, the market can completely reverse very quickly and sweep along with the psychology of the majority.
That is also the reason why I do not enter orders based on intuition, but always prepare for both cases.
If the price hits the stop loss, I accept it. If the price reverses sharply downward, I already have a position ready. For me at this moment, the most important thing is not to predict every move of BTC correctly, but to maintain discipline to survive through all scenarios.
#BTC
