$BTC can be confirmed to still be in a fluctuation cycle. The red arrow indicates the entry point for the main upward wave after the moving average crosses upwards. Currently, this trend has not formed, so holding a heavy long position is not recommended.
When it dropped to around 82400, I said it would rebound 20% to 9.8W, but after reaching the target, it directly cascaded down.
The subsequent trend needs to be observed continuously; only the daily level can reveal it. If it is in a primary downward wave, then the daily moving averages will definitely cluster below. Right now, there is neither an upward nor a downward crossover; it is just fluctuating within a range.
At this time, if you want to trade the trend, it will be very painful, especially for those who want to hold heavy long positions. It’s hard to make a profit, and after a night's sleep, the profit directly evaporates.
It is still recommended not to hold heavy positions and to manage your position well. The calculator I developed is very practical. I have integrated all the functions I commonly use into one page at boxarts.co.uk
