BITWU.ETH 🔆
BITWU.ETH 🔆|Aug 20, 2026 03:59
The breakout is real, but right now we're in the middle of the first stress test. This is an important moment, so let me share some trading tips: Here are my personal thoughts, just for reference! Recovering both MA120 + MA200 at the same time is pretty rare; bitcoin:native current price is around $69,000, which means after the $69,300 close confirmation this morning at 8 AM, it quickly returned to around MA200 ≈ $69,031. This is a great observation window: If: $69,300 breaks → pulls back to around $69,000 → holds → continues upward, then it's a reversal, not just a simple rebound; The key thing to watch right now is the obvious short squeeze in this big green candle. During BTC's rapid surge from around $64,100 to $70,000, approximately $1.4 billion worth of crypto shorts were liquidated within four hours. Here’s my advice: If you're a trend trader: buying now has good value. The MA120 + MA200 signal is very strong. If you don’t buy now, then when? But if it breaks down, you need to sell decisively. For example, buy 40% now, set a stop loss for 20% if it breaks below MA200, and another 20% stop loss if it breaks below MA120. If you're a long-term holder, you need to be clear whether you're better suited for left-side or right-side trading. If you're not comfortable with right-side trading, it might be better to stay put for now. If you're afraid of missing out, there’s already a clear right-side signal. You can revise your previous bottom-fishing plan and consider buying a portion for long-term holding. For me, I’d allocate, say, 20% of my total bottom-fishing position and add more in stages. Right now, I’d buy 10% first. If the daily close stays above $70K, I’d add another 10%. If it pulls back to $68.2K–$69K and then bounces back, I’d add another 20%. If the daily close breaks below $68.2K again, I’d stop adding and revert to the original plan. Here’s a chart I made with GPT to outline my plan based on my own thoughts. Use it as a reference—it works for me, but it might not suit everyone.
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