# Trade Update:



Yesterday I suddenly realized I didn't know what to post about, so I decided to just write out my trading logic and thoughts directly instead of purely analyzing market conditions.

Let me first go over my current positions. I'm still holding a 74,500 grid short position. The original plan was based on expecting the market to oscillate downward, but it dropped too fast. The grid position didn't accumulate much on the upside, and ironically the fastest drop earned the least profit.

However, after the daily and 4-hour charts reversed directly on Friday, it's clear the short-term trend continues to weaken. Holding shorts is trading with the trend, so I'll continue to hold.

That said, if we drop again today without breaking 68,000, I'm considering taking profits.

The logic remains the same: liquidity sweeps from oscillation flows.

In the early morning, there was a small hour-level down move, and BTC directly hit the 68,200 daily OB support and liquidation zone—this is a liquidation-style drop from the 76K rally wave. If today we retest this level a second time without breaking it, I expect a certain degree of rebound.

ETH is moving in sync around the 2,000 level.

In summary, I won't chase shorts further here. Instead, I'm considering entering a swing long position if there's another down move.

I'll cover my recent long-term trading views in the next post.
BTC-2,85%
ETH-3,43%
View Original
post-image
post-image
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin