The price of Bitcoin soared to around $71,971, and the short-sellers suffered heavy losses. As the US election approaches, market sentiment is tense, and the dog dealers are plotting to make arrangements in this financial storm.
Imagine that if Bitcoin continues to rise to $80,000 or even $100,000, the $2 billion short-seller funds will be liquidated and returned to zero. If the price reverses and falls to $55,000, the wealth, dreams and hopes of long investors will be shattered in an instant.
The US election is the biggest variable in the financial market, and every detail may cause shocks in the global financial market. Dog dealers may quietly make arrangements on the eve of the election using the panic and uncertainty of the market, waiting for the arrival of the critical moment, and then burst out like a sleeping tiger to overturn the market balance.
Their operations may cause market amazement and shock, or sell when Bitcoin hits a new high to cause a decline, or pull up the price when the market is desperate to create a reversal. In this financial market full of variables, the decisions of dog dealers will determine the flow of wealth.
How to layout and operate next? The market has ups and downs. When it reaches a certain height, there will be a callback and continue to sprint vigorously. The following is a medium- and long-term layout strategy. Don’t adopt it if you are impatient! If you want to do short-term trading, you can comment and contact me at any time!
Strategy: Brothers with long orders and floating profits hold on firmly, and adjust the break-even loss to Bitcoin 70500 and Ethereum 2600. Even if the break-even loss is hit, it will only give back a little profit, but there is a lot of room above.
Brothers with short positions are not very rational to go long or short at present, and the cost-effectiveness is not high, so you need to be patient and wait for a callback to go long, Bitcoin 70200 to go long, Ethereum 2590 to go long.
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