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BTC has rebounded 10% from its bottom, but the momentum is still weak. Liquidity is exhausted, and market confidence is severely lacking. The best-case scenario right now is for it to consolidate sideways around this level, but that seems unlikely in the short term. We'll see if it can hold at 85,000. I'll hedge all my long positions at 88,000. Position management is still the most crucial aspect of trading. I managed to control the pullback this time fairly well. Everyone should still refrain from trading, reduce activity, and get more rest. I've been hiking for two consecutive days, covering over 20 kilometers and climbing more than 1,000 meters. My legs feel like they don't belong to me anymore. I need to work on my lower body and physical fitness when I get back. I plan to hike within Guangdong Province first, then go outside the province. The sun in the province is so strong it's giving me a headache; I'll probably have to wrap myself up like a dumpling once I leave.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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