Daily chart showed a retracement around the 892-890 zone. So was this a bull trap or a genuine bounce? Let me review the entire operation process.
When the price reached the 895 area, I had already marked this key support level ahead of time. To be frank, multiple positions were indeed caught on Wednesday night, and I won't deny that. But the key is how to handle being caught—you need to judge the stability of the trend, not panic.
On Wednesday night, I opened longs around the 915 zone, but didn't exit promptly after the US market close, and the smaller timeframe started probing lower. Following what was mentioned in the livestream, I added positions at the 90000 level, with the average price of multiple positions sitting around 90600. The four-hour support line was set at 89500, and I started reducing positions as the bounce came up. By Thursday night after the US market close, the market false-broke down again to 89200 (corresponding to the daily chart's key resistance level), where I added another batch, with the average entry around 89800.
The daily bounce reached a high of 91400, perfectly capturing the area above the 91200 level mentioned in the livestream, with roughly 1600 points of profit margin.
This process essentially boils down to: lay solid groundwork for each step, adjust positions in real-time based on market conditions, and never use hindsight. Trading means learning to enjoy the process and accept the results. Confidence, patience, and determination—you can't lack any of these.
From December until now, it's not an overstatement to describe the performance as "flawless." Currently, the long positions in BTC and ETH need good risk management and proper position management. Final thought: read the market rhythm clearly, and stop always being an armchair quarterback.
Daily chart showed a retracement around the 892-890 zone. So was this a bull trap or a genuine bounce? Let me review the entire operation process.
When the price reached the 895 area, I had already marked this key support level ahead of time. To be frank, multiple positions were indeed caught on Wednesday night, and I won't deny that. But the key is how to handle being caught—you need to judge the stability of the trend, not panic.
On Wednesday night, I opened longs around the 915 zone, but didn't exit promptly after the US market close, and the smaller timeframe started probing lower. Following what was mentioned in the livestream, I added positions at the 90000 level, with the average price of multiple positions sitting around 90600. The four-hour support line was set at 89500, and I started reducing positions as the bounce came up. By Thursday night after the US market close, the market false-broke down again to 89200 (corresponding to the daily chart's key resistance level), where I added another batch, with the average entry around 89800.
The daily bounce reached a high of 91400, perfectly capturing the area above the 91200 level mentioned in the livestream, with roughly 1600 points of profit margin.
This process essentially boils down to: lay solid groundwork for each step, adjust positions in real-time based on market conditions, and never use hindsight. Trading means learning to enjoy the process and accept the results. Confidence, patience, and determination—you can't lack any of these.
From December until now, it's not an overstatement to describe the performance as "flawless." Currently, the long positions in BTC and ETH need good risk management and proper position management. Final thought: read the market rhythm clearly, and stop always being an armchair quarterback.