Phyrex|Oct 05, 2025 19:56
Took a full day off to rest. Monday is Mid-Autumn Festival, hope everyone has a great time with their families. As of now, I’m still holding onto 20% of my long position, feeling a bit conflicted. Logically, I should’ve exited around $125,000 on Sunday since I don’t want to gamble on Monday’s outcome. But the market sentiment is still pretty good at the moment. A new high was hit early Sunday, which made me hesitate a bit.
To be honest, I’m not very optimistic about the U.S. stock market opening on Monday morning. So I’m also worried about a BTC pullback. If there’s no new high on Sunday, I’ll probably just exit directly. The new high indicates strong investor sentiment, but with the poor liquidity over the weekend, I’m unsure if the new high will trigger FOMO on Monday. Holding until Monday is basically betting on user sentiment.
Or rather, betting on whether the U.S. stock market and Bitcoin will diverge a bit. Writing this as I think it through—oh well, it’s just 20% of the position. The profits are already locked in, so it’s unlikely to lose money, just might make a bit less. I’ll hold until Monday or Tuesday and reassess. The reason for Tuesday is that the Senate resumes work early Tuesday morning Beijing time.
No URPD data today. That’s how it is with new highs—the overall data gets rearranged. For me, the most important thing is to see if there’s a gap in the URPD. After all, URPD gaps have never gone unfilled. Since there’s no gap this time, that’s one of the reasons why my interest in selling has decreased. I’ll keep holding and see how it goes.
Sponsored by Bitget | @Bitget_zh
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