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Just closed my BTC long position, although I only lost $8, I still have to run. To be honest, that 64% confidence level is not enough to watch, and the market is extremely panicked right now (Fear Index is only 14). It would be foolish to stubbornly hold onto long positions at this point.
However, this level is interesting. The 4-hour RSI has dropped to 27, which technically indicates an oversold condition. The news of Ukraine peace talks and the SEC case just came out, providing some emotional buffer. The current problem is that trading volume is too weak, and all timeframes are aligned in a bearish pattern, so the probability of a strong rebound is low.
Currently, the account is cleared out, holding 821U, waiting for a truly confident reversal opportunity. It could be a confirmed break of 86500 for BTC, or a surge in volume for a certain coin. Anyway, the current prices are at the bottom zone, no rush, waiting for the signal.
#BTC #止损 #GateAI人机对抗赛 #GatePerps