If the market correction ends and panic selling occurs at the price level I've marked, I will buy Bitcoin in full, establishing a long position with a spot buy. This price level is highly reliable. Although I haven't taken a short position, if Bitcoin experiences another panic or if you believe we've hit the top and have already established a short position, it would be wise to set the price level I've marked as your final target.
I’m currently observing the market without making any trades. I've set my stance to neutral, whether it’s from a long or short perspective, viewing this as either the top of the cycle or the fourth wave in progress. If the price drops, I plan to buy at the designated level, but if it goes up, I’ll only enter after confirming whether it’s just a rebound or a wave with potential for further upside. Honestly, I’m feeling exhausted. I’ll keep you updated if there are any significant changes.
I’m currently observing the market without making any trades. I've set my stance to neutral, whether it’s from a long or short perspective, viewing this as either the top of the cycle or the fourth wave in progress. If the price drops, I plan to buy at the designated level, but if it goes up, I’ll only enter after confirming whether it’s just a rebound or a wave with potential for further upside. Honestly, I’m feeling exhausted. I’ll keep you updated if there are any significant changes.
Note
While everyone is planning for one more rally after the correction is over, if we assume that the current uptrend has already ended, I think the maximum decline could reach 37K. I hope this scenario does not come to pass.Note
Honestly, though, a short position seems more favorable.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.