In the evening, we relied on the support of the middle band of the Bollinger Bands for a bullish outlook, but unfortunately encountered a stop loss. This wave of movement fully confirms that in a volatile market, the breakthrough of support levels is often accompanied by traps that entice buying.

However, there is no need to panic! A stop loss is not a failure, but a warning signal from the market. The current market is still in a tug-of-war between bulls and bears, and blindly bottom-fishing can easily lead to pitfalls. What we need to do next is patiently wait for the trend to become clear: either wait for the price to pull back to the lower band and show a clear stabilization signal, or wait for a breakout of the middle band resistance with increased volume. At that time, we will enter the market to position ourselves, significantly increasing our win rate! $BTC

BTCUSDT

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