Great~ BTC has successfully broken through 114k on a small scale, indicating that the pullback that started from 118k has completely ended. The probability of the market entering a converging oscillation phase is very high!
To restore the bullish trend: the price needs to continue rising and break through 118k (probability 40%);
To maintain the oscillation phase: the price remains between 118k and 108.6k (probability 60% within the next week, gradually decreasing to 0 after two weeks).
Therefore, my strategy is: keep the hedged short position at 116k and set a stop loss at 118k, with only a $2000 space, so no loss~
However, in the oscillation phase below 118k, I still won't actively go long. Short-term trades can be made, but pre-setting the direction of the converging oscillation's eventual breakout is still too subjective, so the next step is to wait...
Expectations are being met, BTC is testing the 114k range after the US stock market opens on Monday. The key right now is whether it can break out to a higher high!
If it breaks 114k, it means that the next period will be a triangular convergence oscillation. If it doesn't break 114k, then tomorrow night's live stream will be in jeopardy...
So, let's hope it breaks!
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