After the market surged, it fell again, causing the volatility range to actually increase; yesterday, it dropped from the high point of 84330 to 80888, and today's new low is only 81000, currently recovering to 81567, overall leaning towards a bearish correction. For those who have Old Cui's contact information, it's indeed a bit easier to make judgments, as the entry for the short position at 84698 was also notified to everyone, but the take profit position was not elaborated upon. Because at that time, it was indeed unclear what the new low was, shorting at high positions has always been Old Cui's idea, and he only glanced at it in the evening. The subsequent question is, what are everyone's take profit points and the plan for the next order? Today's post is a bit late, but actually, since yesterday, Old Cui has been replying to everyone’s messages. The concentrated question was mostly about taking profit too early, with some feeling regretful, so today Old Cui will explain this issue. First of all, thank you all for your trust, for being able to take the risk to short even after breaking 83000 and approaching new highs, even reaching above 85000, without even communicating with Old Cui, this shows a mutual understanding.

As for Old Cui himself, up until now, he has not exited this short position; previously, he mentioned that near 85, it could be tackled in a medium-term manner. Just happened to be on Old Cui's day off, even at a time when he was about to sleep, he unintentionally caught sight of this position and decided to enter without much thought; the position size was not large, and he didn’t even see the highs above 85. There’s nothing wrong with doing it in a medium-term manner, but if you are looking at this short position in a short-term manner, exiting is actually a correct choice. Choosing to enter again instead is a mistake; many friends woke up the next day after reading the article and felt they exited too early, not following Old Cui's thought process. This idea is not quite accurate; Old Cui's thinking is very simple, the gains from short-term strategies can only be in the range of 1000-2000, and although broad fluctuations can amplify gains, they also amplify risks. In short-term speculation, the stop-loss point should be set above 85000, which is also the risk issue Old Cui mentioned previously; if you can't set the stop-loss for the short position above 85, then don’t engage.

Facing this situation, how should one choose the entry point for the next order after taking profit? Taking this instance as an example, many friends exited in the 82-83 range, while the new low was 80888, maintaining a profit difference of 1000-2000 between the two. So using 82000 as an exit example, if you want to enter a short position again, you should at least wait for the market to return to around 83000 (assuming the range volatility is maintained). The range’s volatility has already been broken in the last two days; within this range, you have already profited, and the best way is not to enter again. Looking at the positions Old Cui holds, everyone might feel that the gains haven't been maximized, and you can also see that Old Cui's short-term thinking involved investing only 0.5 Bitcoin with a principal of 10,000; this is a small position. The liquidation point is at 140,000, so naturally, Old Cui doesn’t care much, and he enters just to go to sleep without much concern. When faced with such opportunities, grabbing the chance to profit is the best outcome; once you taste benefit, you must retreat.

As long as users have already made a profit, Old Cui basically gave a negative decision for everyone who entered yesterday; although there is still a bearish market later, he still needs to analyze the evening U.S. stock and gold trends. Try not to jump into Bitcoin too soon; it’s not a wise choice. At the moment of making the exit decision, you have already judged the subsequent market; any slight movements could lead to your losses. Instead of that, it’s better to wait for the market to stabilize before making plans. For example, in today’s corrective market, if the correction strength is insufficient to reach the 82000-83000 range, as long as it cannot stabilize, a new round of downward market will form. Our key point has already arrived; today is October 23, and the interest rate meeting will be coming right after this week. If you want to enter the market in the short term, it’s essential to maintain the daily entry and exit. Never hold a position overnight; any signals about interest rate hikes or cuts that come out during the process will cause severe fluctuations. Once you go against the market, it might take a week to recover the losses. The article has hidden the subsequent methods; everyone should ponder it themselves and not blindly trust Old Cui, feel free to ask questions directly!

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