Today is February 2nd, and it is also the first trading day of this month.
Before starting, I want to review a core premise—
This month, I choose restraint.
The reason is simple.
The weekly level AMD logic has been fully executed:
Accumulation → Manipulation → Distribution,
all has occurred.
The new month represents the beginning of a transition in the monthly structure,
At this kind of juncture, if one still uses short-term sentiment to watch the market,
It is often the easiest time to make mistakes.
Looking back at the weekly chart, after completing the accumulation in the past few weeks,
the price precisely pierced into the weekly FVG, forming a highly deceptive upward manipulation,
which was subsequently completed by a clear downward distribution.
This is not in progress, but a closed loop that has already ended.
Standing in the present,
the high point formed by that surge and pullback is, for me, the Protected High.
As long as this position is not effectively broken,
my judgment on the overall environment still leans toward a bearish dominance.
In the short term, I only do one thing:
wait for the price to verify through behavior.
I will pay attention to whether there is a market change at the medium time level;
if not, then observe the pullbacks and resistance.
The head position has been executed according to the 4H structure, and subsequent actions will only be at key resistance levels,
combined with structural and behavioral confirmations, will I measure in batches.
Next is not to guess the direction,
but to let the price give the answer itself.
This is only a personal perspective and trading record sharing, and does not constitute any investment advice.$BTC
