
百萬Eric | Day Trader|Apr 25, 2025 03:57
Bitcoin has once again entered daily overbought.
This time, I hope it can follow a similar rhythm to the ones in 2024:
Break through the EMA moving average → briefly overbought → rhythmically retrace → restart the upward trend.
I am not predicting that it will fall, but rather hoping that it will not rise directly.
Rising is not a problem, the problem is how to rise. The ideal market trend is one step at a time - there is a rise, a rebound, and continuity.
If there is a direct breakthrough, the only option left for traders is to chase.
However, chasing orders and going long with retracement are not at the same level of difficulty.
For most traders, especially beginners, what is truly suitable is not chasing long positions, but confirming and adding positions after stepping back.
It is true that chasing more can earn profits, but it is a very fast pace and low tolerance. Once the position is larger, the mentality is easily led by the market.
The market can be strong, but not urgent.
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