Reviewing the BTC trend late at night to correct some judgments made during the day.
The head and shoulders bottom pattern has been confirmed, and there's no problem with that. For the daily level's second bottom test, it's recommended to wait until 8 AM tomorrow to take a look—currently, it's moving so strongly that there's no need to rush into a decision tonight; getting a good night's sleep is more important.
Horizontal adjustment on the weekly chart? This is still ongoing and needs to be monitored further.
There is a time window worth noting: the first week of the month, if you want to layout short positions, you need to be particularly cautious. The most prudent approach is to combine charts and find precise positions in the lower time frames. The previously mentioned 93-96 range for opening short positions now seems insufficiently rigorous.
Where will the market go? I won't guess. Opportunities will naturally arise when the time comes. For long positions here, I will continue to wait until all the signals of the daily secondary level are fully released, and then I will reverse and lay out short positions according to the trend. Follow the trend and don't compete with yourself.
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Reviewing the BTC trend late at night to correct some judgments made during the day.
The head and shoulders bottom pattern has been confirmed, and there's no problem with that. For the daily level's second bottom test, it's recommended to wait until 8 AM tomorrow to take a look—currently, it's moving so strongly that there's no need to rush into a decision tonight; getting a good night's sleep is more important.
Horizontal adjustment on the weekly chart? This is still ongoing and needs to be monitored further.
There is a time window worth noting: the first week of the month, if you want to layout short positions, you need to be particularly cautious. The most prudent approach is to combine charts and find precise positions in the lower time frames. The previously mentioned 93-96 range for opening short positions now seems insufficiently rigorous.
Where will the market go? I won't guess. Opportunities will naturally arise when the time comes. For long positions here, I will continue to wait until all the signals of the daily secondary level are fully released, and then I will reverse and lay out short positions according to the trend. Follow the trend and don't compete with yourself.