Post
$BTC
🤔 Should Long Now?
The decision to enter Long order depends on your risk appetite:
🟢 Reasons to be Long (Follow the trend)
• Strong increase: "Trend is your friend" (Trend is your friend). When the price breaks the peak and the MA lines go up, it is highly likely that the price will continue to look for new highs.
• Positive psychology: The news running on the screen that "Fed Williams does not need to consider raising interest rates" is an additional macro signal for risky assets such as Bitcoin.
🔴 Reasons to be careful (Reversal risk)
• Overbuying area: The price has increased continuously for many days and is quite far from the support lines of MA20 or MA30. Entering the order right now is likely to encounter technical adjustments (pullback) to recheck the lower support areas such as or .
• Short-term "swaying" risk: Buying right at the 24-hour peak price area () always has a potential risk of taking profits from those who have bought in the low area ($74,000 - $76,000).
💡 Advice
1. If you are a Scalping Trader: You can wait for the price to slightly adjust to the MA5 area () to Long with the target of taking short profits.
2. If you want to be safe: Please wait patiently for a retest (rechecking) of the support zone of $78,000 - $78,200 (the lowest price zone in the past 24 hours) before entering the order.
3. Risk management: Absolutely do not forget to set Stop Loss (Stop Loss). In this case, the safe stop loss point may be below the area (MA20 line).
Note: The Crypto market is very volatile. This analysis is for reference only based on chart data at the time you provide, not financial investment advice.

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