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The correction is not over. Recovery bounces below the zero line on the hourly chart are merely oversold rebounds, lacking the foundation to hold. A truly effective counterattack to the upside can only form once we see a stop-loss signal on the 12-hour and daily timeframes. BTC must prepare for a correction toward the 76,800-75,750 zone. It may not hit it exactly, but caution is mandatory. 🛡️
We are in a volatile, choppy market, oscillating between bear and bull phases. Trading is difficult; being a market analyst is even harder. Imagine going long, only for the market to suddenly reverse. Despite warning about downside risk, many cannot accept it. They panic, believing that if you were once bullish, you must always be bullish. If you suggest a potential "sharp drop," you become the villain. 😤
A trader who bought ETH from 1736 and rode it to 2460 might feel a crushing sense of failure if the 2508 target is missed by a whisker. Meanwhile, a short seller stuck around 2000 for over a month maintains excellent composure. Why can shorts endure weeks of a few hundred points in drawdown, while longs crumble over a 100-point pullback? Because shorts believe in a one-way trend to zero. As long as they aren't liquidated, they trust the price will fall again. Longs, however, only accept a market that goes up and never down. 🐻
The core truth is this: secure profits, set stop-losses, and then try to broaden your perspective. When key support breaks, cut losses immediately. When in the red, reduce position size to protect your liquidation safety. That is the essence of survival. 🧠
A bearish blogger can scream "imminent crash" for weeks during a rally and face no criticism. But a bullish blogger who predicts thousands of points of upside for weeks is heavily attacked after just a few days of decline. The easy path is to always warn of risk, never opportunity. You'll be "always right," appealing to human nature. But in the short term, there is no right or wrong, only choice...
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