Last night, I reviewed my BTC trading strategy. The US stock market performed quite well at the opening, and mining stocks were also rallying, but MicroStrategy's indicator was declining. This divergence directly suppressed BTC's upward potential—price remained oscillating within yesterday's daytime range, with no signs of breaking out. My original plan was to go long after stabilizing at the key level of 93,800, but as both MicroStrategy and mining stocks turned downward, my entire approach changed.
Around 94,300, a large number of liquidation orders appeared. From a game theory perspective, if viewed from the market maker's angle, this is an optimal point for a dump. I placed a limit buy order here, betting on this logic. However, after reviewing the US stock K-line before sleep, there were no signs of a bottoming out; instead, the weakness continued. Weighing the pros and cons, I decided to cancel the order—staying up all night watching the market isn't my style, and I definitely don't want to catch those uncertain flying knives.
The subsequent trading approach and today's market forecast will be shared continuously.
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ChainSherlockGirl
· 8h ago
This round of MicroStrategy's reverse operation directly shattered the long-pressing logic... No wonder you canceled the order.
Between sleep and profit, which is more important? I choose your judgment.
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ReverseFOMOguy
· 8h ago
Withdrawing orders promptly before bed is still the safest move. The position at 94300 is indeed a bit shaky. Betting on the casino to dump the market isn't always reliable. Wait until the market clarifies before taking action—it's much smarter than staying up all night to catch a falling knife.
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NFTragedy
· 8h ago
Canceling orders is indeed wise... MicroStrategy's drop in mining stocks also declines, this is the market manipulators using indicators to deceive. That 94,300 level is still too volatile, can't hold onto it.
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SillyWhale
· 8h ago
Canceling the order was the right move. Compared to gambling on those vague signals, it's still better to get a good night's sleep... 94300 is indeed a deep pit.
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SerumSqueezer
· 8h ago
Canceling orders is wise; you can't catch a flying knife. The weakness in the US stock market indeed lacks confidence, and I'm also waiting for a clearer signal before taking action.
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WagmiAnon
· 8h ago
This round of the 94,300 flying knife is indeed tempting, but I still chickened out... Sleep is more important than unrealized gains.
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gas_fee_trauma
· 8h ago
Canceling orders in this wave of operations is still rational. Weakness in the US stock market is indeed not a signal to jump in. Instead of staying up late and gambling on the market maker, it's better to protect your own principal.
Last night, I reviewed my BTC trading strategy. The US stock market performed quite well at the opening, and mining stocks were also rallying, but MicroStrategy's indicator was declining. This divergence directly suppressed BTC's upward potential—price remained oscillating within yesterday's daytime range, with no signs of breaking out. My original plan was to go long after stabilizing at the key level of 93,800, but as both MicroStrategy and mining stocks turned downward, my entire approach changed.
Around 94,300, a large number of liquidation orders appeared. From a game theory perspective, if viewed from the market maker's angle, this is an optimal point for a dump. I placed a limit buy order here, betting on this logic. However, after reviewing the US stock K-line before sleep, there were no signs of a bottoming out; instead, the weakness continued. Weighing the pros and cons, I decided to cancel the order—staying up all night watching the market isn't my style, and I definitely don't want to catch those uncertain flying knives.
The subsequent trading approach and today's market forecast will be shared continuously.