This long position resulted in another loss, but not a huge one. The losses from the November 22nd wave were devastating; almost all the money I had in the crypto market is gone. Also, I capitulated and lost half my money, setting a stop-loss at 80,000. I've revised my pinned post; changed 135,000 to 97,000. Everything else remains the same. It's definitely a bear market. Referring to yesterday's silver, since it has broken through key support levels, don't rush to buy the dip. I don't encourage shorting, but don't rush to buy the dip either. BTC and silver are different from stocks; they don't have fundamental performance to calculate a reasonable price. Therefore, you occasionally need to refer to technical indicators like key support and resistance levels. These have some reference value for BTC, but I never refer to these things for stocks. For example, if you tell me these things about CRCL, I'll think you're an idiot 😂 But for BTC, there's really not much to refer to. Key levels are one factor. Breaking below 80,000... I changed the pinned post from 135,000 to 97,000.
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