My thoughts on Bitcoin’s current range Approaching a level I’ve explained multiple times: A retracement to the 0.5 level, rising from the bottom formed by the weekly 20MA and daily 200MA. Today, Bitcoin touched the weekly 20MA but fell slightly short of the daily 200MA before bouncing back. I believe this week will likely determine Bitcoin’s medium-term direction. If Bitcoin closes the weekly candle as a lower low bullish doji—breaking the streak of six consecutive bearish candles— the scenario that this is a correction within an uptrend, not a downtrend, will become significantly stronger. So at this point, the dilemma is: Should I wait for a reversal and risk buying higher if it continues upward? Or should I wait until we hit the absolute bottom support (a brief sweep of the daily 200MA) before entering? Alternatively, should I accept a potential loss of at least 3%, or up to 5–6% by Bitcoin standards, and treat this as a possible near-term bottom? Neither approach is wrong—but both have prerequisites. These are only viable options if you have cash available. If you’re already fully invested, hoping “it’ll go up eventually,” you have no real choice—you can only pray for a rebound. Ultimately, when I ask myself: “How much risk am I willing to take?” My personal style prefers to forgo immediate gains and prioritize minimizing losses. So I choose the former.