Bitcoin's current correction carries significant risk, so I have already partially reduced my long positions to lock in profits. But to be honest, Bitcoin has been consolidating for so long, and I only exited when it touched the previous high at 94.5K, which doesn't quite make sense logically.
My basic approach remains the same: continue to go long on dips unless the market enthusiasm becomes excessive (MPI breaks above 70), at which point I will consider exiting, resting, and observing. After all, in this cycle, seizing the opportunity to go long at lows is more important than anything else.
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LiquidationWatcher
· 16h ago
Pull back and continue to get on board, this is the right way, don't be washed out.
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DegenWhisperer
· 17h ago
94.5K hasn't been broken yet, and I see some people are still waiting for a more intense shakeout.
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OnchainUndercover
· 23h ago
Haha, reducing positions is just for safety, but I still think Bitcoin won't come down so easily.
To be honest, the MPI70 threshold is too high; by then, it might have already taken off.
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0xInsomnia
· 01-06 19:04
94.5K to run? Bro, your mentality is way too fragile.
Pull back and continue to buy the dip, that's the real deal.
MPI will reach 70, let's talk then. It's still early.
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DYORMaster
· 01-06 19:04
Uh, 94.5K just flashed? How fragile is this mentality, I think breaking the level is the real signal to run
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Pullbacks are just opportunities to go higher, I buy this logic. Let’s wait until MPI breaks 70 before resting
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Instead of stressing over high points, it’s better to seize every dip as a buying opportunity. Cycles are just like that
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After such a long washout, still eager to exit? Brother, won’t you get repeatedly cut?
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Exactly, the speed of going long at lows is more valuable than any technical analysis. Don’t overthink it, just do it
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I like your approach, just worry about your mentality collapsing during execution, then it’s another round of cutting losses
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As long as it doesn’t break key support, keep going long. Anyway, this cycle isn’t over yet
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Damn, after running at 94.5K, still thinking about adding more? I need to take a good look at this logic
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MPI 70 is a good reference, but I think it’s better to combine on-chain data for a more reliable view
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This correction might not be over yet, don’t rush to add more positions, bro
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DAOdreamer
· 01-06 19:02
94.5K is indeed a bit cowardly to run away, only true heroes dare to take the hit after such a fierce shakeout.
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SleepyArbCat
· 01-06 18:54
Well... that's what they say, but I'm just worried that if I keep washing, I might suddenly lose everything, and I won't be able to get back to the low point then.
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StopLossMaster
· 01-06 18:46
Ha, you're starting to talk about logic again. Honestly, it's just that you're not confident inside.
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94.5K to call it quits? I think you're just scared.
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Keep going long at lower levels. It sounds simple, but when the time comes, how many will dare to take the hit?
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MPI70 just came out. I'm wondering if this indicator is reliable, or are you just comforting yourself?
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Reducing positions to lock in profits is smart, but unfortunately, most people end up regretting it.
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Trying to catch the bottom in this cycle? Bro, you say that every time.
Bitcoin's current correction carries significant risk, so I have already partially reduced my long positions to lock in profits. But to be honest, Bitcoin has been consolidating for so long, and I only exited when it touched the previous high at 94.5K, which doesn't quite make sense logically.
My basic approach remains the same: continue to go long on dips unless the market enthusiasm becomes excessive (MPI breaks above 70), at which point I will consider exiting, resting, and observing. After all, in this cycle, seizing the opportunity to go long at lows is more important than anything else.