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BTC yesterday early morning completed a pullback near 91200 and quickly rebounded to around 93800, closing all my short positions with profits. At that time, I was thinking of waiting until around 94000 to build a short position again, but in that moment of hesitation, the market reversed downward, and I missed the opportunity. Now BTC is fluctuating around 91000, still not dropping to the level I’ve been watching at 89588 for a long entry. Continuing to observe patiently is the key.
I’ve realized that in trading, you really need a mindset hierarchy: profits are obviously the most satisfying, but holding no position is second only to profits. Why? Because not losing money while out of the market means you don’t suffer losses, and you still have bullets for the next round of行情. In contrast, holding a position through losses is a real test of mental strength. Sometimes, entering in the wrong direction is a hundred times more painful than missing the move. So instead of getting caught up in the middle and testing your patience, it’s better to play games, read books, and wait for the real opportunity.
Today’s BTC trading plan is as follows: place a long position around 89588, with a stop loss at 88888. If the entry goes smoothly, take partial profits at 91588, 92888, and 94100. Aggressive traders can also wait at 90888, using a small position to test the waters and reserve room for adding positions. If the price breaks below 88888, switch to a long at 87588, move the stop loss to 86288, and target taking profits in batches at 90888, 92888, and 94000.
On the short side, continue to build positions on the left side of 94000, with a stop loss at 95000. Since this key resistance at 95000 is still holding, the short position at this important resistance level remains worthwhile.