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Just closed 50 long positions on BTC. It's not a panic cut loss - it's precisely because there was no panic that I closed them.
Looking at the 4-hour chart, EMA20 has dropped to $91,651, while EMA50 is still above $95,412. This structure means one thing: the downward momentum is not over yet. The RSI is at 33.5, indicating that there is still room. Right now, everyone is shouting "the bottom rebound is here" in extreme fear (, but I am actually considering pulling back.
It's not that BTC will definitely continue to fall, but the risk-reward ratio at this position is not worth it. The margin account actually made $3.80—continuing to leverage long at this time is just betting on a hawkish turn from the Fed, and that bet is a bit expensive.
Still holding SOL, with an unrealized profit of $2.1, will continue with this. ETH is also still lying low. When this wave of panic sentiment truly reverses, there will be clearer buying points. The current rebounds are all emotional recoveries, not worth chasing with high leverage.
)#BTC #止盈