Many people ask me if the bull market has started. To be honest, I reduced my position by 30% yesterday.
It's not bearish; it's just that the risk-reward ratio is not suitable.
1️⃣ Technical aspect: The daily line is too far from MA30, and there is a need for a pullback.
2️⃣ Sentiment aspect: The square is full of bullish calls, and even beginners are opening contracts, which is a short-term top signal.
3️⃣ Capital aspect: The issuance of stablecoins has not kept up, lacking new liquidity.
My plan:
• Pull back to around 65K to re-enter long positions
• Make grids during the intermediate consolidation period
• Break through 72K and then chase the right side
Trading is not about who makes money faster, but about who survives longer.
How much position do you have now? Let's chat in the comments👇