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Due to some mild positive signals released by Old Trump’s speech, Bitcoin soared yesterday, breaking through two major resistance levels and reaching around 95,000 today. The market today has also exceeded yesterday's K-line high as we expected. The 95,000 position is no longer suitable for chasing long positions here; I believe there will at least be a 4-hour level pullback.
For the spot currency we bought near 75000, if you are doing short-term trading, you can consider reducing your position. However, if you are holding for a weekly level trade, you should hold on firmly; only by holding the currency can you achieve significant profit margins.
I believe that the upward trend in the weekly chart has just begun, and this is only the start; there will be more significant movements ahead. During the upward trend on the weekly chart, there will also be pullbacks at the daily chart level. The market gradually emerges from its structure; it doesn't happen all at once. So don't chase the highs and sell the lows; we need to operate against human nature.
We bravely bottomed out contracts and spot near 75000 when others were not optimistic. The spot profits we have today are what we deserve. Congratulations to the friends who laid out their spot positions in this wave and made a big profit!!!
The WCTC contract competition is about to start. To make it easier for everyone to participate in the contract competition, the subscription benefit special price is: 2.5GT/month.
After the contract competition starts, Hongyi will lead everyone in the live room to trade together. Making money is the way to go! Those who haven't joined Hongyi's Chen Zhan team, hurry up and click the link below to join directly!!!
The WCTC S7 contract competition has started. Come join the Hongyi team to share a prize pool of 5 million U and many surrounding gifts.
https://www.gate.io/competition/wctc/s7/team_detail/81?ref=XgBFV10M