Bitcoin saw another surge last night during the U.S. trading hours, with a peak that briefly broke 93000, now slightly retracing to around 92500 in a narrow range. Unfortunately, my long position was stopped out yesterday...

The recent market trend has been that the U.S. trading hours start to rally, then around 5 PM the market reliably begins to pull back. I've recently managed to identify the overall direction correctly and interpreted the news well, but still haven't made a significant profit. I can only say that one must respect the market and manage their positions well. This is a hellish market, and once you start getting too invested, it might lead to irreversible losses: starting to go heavy, back and forth losses, etc. At that point, you might need to take a break...

For the upcoming market, I still have a bullish outlook. The market won't continue to oscillate indefinitely; the next time it breaks 94500, it is highly likely that a one-sided bullish trend will start, and at that point, reaching the 100000 level may not be far off...