🚨 BTC Update: The "Kill Short" 91k6 & A Lesson Learned About Capital Management
📉 Reality (Market Reality):
This morning, the market taught the Bears (including myself) a lesson to remember.
The two Short scenarios (Limit 90.6k and Retest 88.9k) I shared yesterday both hit Stoploss. BTC made a powerful V-Shape reversal from 87.7k straight up to 91.6k, breaking through all short-term resistances.
🔍 Why Did the Plan Fail? (Post-Mortem Analysis):
The Recovery Force Was Too Strong: The 87.7k zone was not just a light bounce as expected but became a local reversal point.
Breaking the Structure (CHOCH): When the price pierced the noise zone of 89.800 (sandwiched between 2 EMAs), the M15 downtrend structure was officially broken (Invalidated). The Short position was "squeezed" (Short Squeeze) as the price surged to clear the old liquidity.
🛡️ Action Right Now: "SIT TIGHT"!
According to my discipline principle: "Two consecutive losses = Stop and observe".
At this moment, the psychology easily wants to "recoup losses" (Revenge Trading). But let's look at the chart:
BTC is hovering at 91.x k.
Short again? It can easily be blown off if the excitement continues.
Chasing Long? There’s a risk of short-term peak chasing as the price has already moved 4k.
👉 New plan:
Temporarily remove the Short bias. Wait for the H4 candle to close today to determine if this is a "Bull Trap" or the return of Uptrend.
💡 Lesson Learned:
Fortunately, we always have Stoploss. If we had let the Short position from 89k go without SL, this morning our account would have "evaporated" heavily.
In Trading, losing money is common, losing capital is the real issue.
Are there any Bears still alive? Check in below to stay calm together! 👇
