The story of the Romance of the Three Kingdoms tells us that whoever lives the longest can laugh the last! Trading is the same; maintaining endurance is the key to laughing in the end. Sometimes it's not about doing more to earn more, but rather having more opportunities and skills that allow you to earn more.

Recently, everyone must have seen the market trends. First, the price began to decline consecutively near the 118,000 line, with a minimum retracement finished around 108,500, resulting in an overall drop of nearly 10,000 points. If in this situation a reversal occurs, without having set proper risk controls, it can be said that many retail investors will likely be liquidated, not to mention large holders.

If you have been following Jiang Wei, you should know that I was previously bearish and expected the price to drop to the 107,000 level. Later, I felt that the market was not going to decline further, so I started to turn bullish. The overall market trend has not deviated much from what I envisioned. This is what professional judgment looks like. I'm saying all this not for any other reason, but to hope that more retail investors can avoid taking unnecessary detours.

Next, let's take a look at the technical chart. On the daily level, after a previous large bearish candle probing the lower Bollinger band, it has continued to consolidate horizontally over the weekend. Today, it has formed a strong bullish candle, showing a strong upward momentum, with significant potential to recover from the large bearish drop. However, we still need to see if the price can break through the middle band. If it breaks through, then the price will continue to approach around 118,000, while currently, 114,000 serves as resistance. Therefore, we can look for bullish opportunities around the bottom today.

Reference strategy: consider a bullish outlook in the range of 111400-111000, targeting the 113800 level. If it breaks through, look towards around 1175000. This level will require a time frame of #BTC .