Based on the weekly chart, the technical outlook is upward with a rebound, but there is no liquidity support; downward, there is no risk-reward ratio; Patience is needed to wait for a top escape at the high levels of 950,000-1,100,000; Stop-losses for those buying at high levels are no longer meaningful; KOLs continuously calling for short positions are also pointless; following the long-term bottom-fishing strategy, even if it drops to 50,000, it would only be a 15,000-point drop; In each cycle, when BTC's trend hits a new high, I want to hold some positions without selling, but I can't resist the trader’s habitual thinking—once there's a sign of technical decline, I want to sell. So maybe I shouldn't be a hardcore believer in BTC.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
BTC current price is $65,000;
Based on the weekly chart, the technical outlook is upward with a rebound, but there is no liquidity support; downward, there is no risk-reward ratio;
Patience is needed to wait for a top escape at the high levels of 950,000-1,100,000;
Stop-losses for those buying at high levels are no longer meaningful; KOLs continuously calling for short positions are also pointless; following the long-term bottom-fishing strategy, even if it drops to 50,000, it would only be a 15,000-point drop;
In each cycle, when BTC's trend hits a new high, I want to hold some positions without selling, but I can't resist the trader’s habitual thinking—once there's a sign of technical decline, I want to sell. So maybe I shouldn't be a hardcore believer in BTC.