Yesterday, Bitcoin positioned at 70,500 to move north. The current price is 74,500, and the floating profit has already approached 4,000 points. This is a trend trade with a very thick safety cushion, and it fully qualifies to take profit and go for higher potential. Judging from the two-hour and fifteen-minute charts, the bullish trend of the higher time frame has not been broken; both the moving averages and the Bollinger Bands are supporting the price to move upward. There hasn’t been any clear reversal signal, so the probability of the trend continuing still remains.

Two options for you as a reference,
First, lock in most of the profits to secure gains, and move the stop-loss on the remaining core position up to 72,500. In this case, even if we get stopped out, we will still exit with profit, with absolutely no risk of loss. At the same time, we can still keep a portion of the position to compete for new highs above 75,000. After all, the profit has already reached our psychological expectations, so there’s no need to be anxious just to chase even higher points.

Some friends can’t resist taking the profit and running. Yes, there’s indeed no regret about missing out, but you also lose the possibility of higher profits. If you make money and want to run, you do; but if you’re down and you stubbornly hold on, in the end you may not be able to hold it anymore, which creates a risk of profit being given back. Your mindset is also easily affected by the ups and downs. In the current market, it’s more suitable to use profits to compete, rather than betting one time.$BTC