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Bitcoin Morning Ramblings Market has rhythm, don’t internalize emotions, just stay steady and move forward
After watching the 4-hour chart, Bollinger Bands have been trending downward, after the initial drop, the price has lacked the strength to push higher, just slowly grinding at low levels.
MACD has been below the zero line, the bearish momentum has not eased; moving averages are tangled together, no signs of reversal are visible for now.
Currently, the market is oscillating between bulls and bears, every upward push gets suppressed, the overall trend remains weak. So, trading should mainly follow the trend, wait for the price to rebound to key levels, and follow the rhythm. Only when support below stabilizes, consider light positions and try other directions.
Today’s white session movement is exactly as we predicted earlier, overall weak, we followed the rhythm throughout, without blindly chasing gains. Every time the price rebounds to resistance levels, it’s an opportunity for us to enter in line with the trend, the pullback after a rally is completely within the plan.
If the direction is correct and we follow the rhythm, the swing gains will be secured. Today, Bitcoin and Auntie both followed the rhythm, collectively capturing 1873 points of space, safely in the bag.
A message to myself:
Don’t worry too much about today’s market fluctuations, and don’t dwell on missed opportunities. The market never offers perfect trades. Every experience helps us accumulate knowledge, every persistence builds confidence for stability in the future.
Let’s put an end to today’s fatigue and frustration. Clear out all negative emotions, refill with confidence and strength, and tomorrow start fresh with a good mindset. We’ll take it slow and steady.
Regarding reference levels, a rebound around 80,800 can be used to follow the trend, with a downward target of 79,5-78,3.