The most honorable thing in trading is not the absence of failure, but the courage to stand up bravely after each failure. Often, those who crawl on the ground after falling will only bid farewell to themselves and profits forever.

Yesterday's impromptu post gave a bearish strategy. Finally, after staying up until dawn, the price saw a breakthrough, once again returning above 37000. It's really absurd, with frequent daily candles alternating between bearish and bullish, although there were no solid line engulfings, the fact left the market in suspense. That's how the market is. When there is a struggle between long and short positions, it becomes so intense. But the only good thing is that the price has once again come above 37000 without accelerating to a new high.

Looking at the daily chart, although the price touched the 30-day moving average and started to rebound, from the candlestick chart, it pierced through the 30-day moving average. Moreover, the rebound did not break through the trend line. As the saying goes, "once, twice, thrice, and exhausted." The price has come near 38 several times, but has not accelerated to break through. If it falls again this time, according to my own trading idea, I would definitely be cautious about going long. Combined with the weekly chart, I still strongly hold a bearish view for this week.

So, without much ado, I am still holding a short position. I believe it has a high cost-performance ratio, and I am willing to gamble. For those who are short, although yesterday's shorting was aggressive, we ultimately followed the trend. But at the same time, be mindful of controlling your position and don't wait until the price drops to 35, rendering your position worthless.

By Jiangshan, Public Account: BTC Analysis and Suggestions. You can also scan the QR code below to follow me.

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