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$BTC broke the structure. When it reached 117,200, I had already exited my short position, and now it looks like that was the right move. After breaking the 4-hour descending pattern, it has been oscillating around 118,000. It started to rise gradually in the early morning. Today, the pressure above the 120,000 high point is at 122,000.
9.8. klo 10.38
$BTC has not surged despite such strong upward momentum; funds are no longer favoring BTC, only buying ETH.
BTC is still within the structure on the 4-hour chart, and short positions are still profitable. I think we can continue to hold. This position will either break through directly or experience small fluctuations and gradually pull back. I believe both outcomes are acceptable.
A breakout above 117200 or a drop below 115800; the fluctuations are not large, but the corresponding market conditions are quite different.
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