How to operate after short position stop profit?
Reverse long bottom rebound❗️
Spot Bitcoin ETF has seen record inflows after the decline on July 4. This increase in capital inflows may indicate that the market's long-term confidence in Bitcoin remains, and investors may see price declines as buying opportunities. In addition, the warming expectations of the Federal Reserve's September rate cut may have a positive impact on global markets, including boosting investor confidence and reducing funding costs, which may have a positive effect on risky assets such as Bitcoin.
Rate cuts usually lead to a weaker US dollar, which may trigger appreciation of other countries' currencies and an increase in international purchasing power. In addition, the weakening of the US dollar may lead to a rebound in commodities, which may cause a recovery in inflation to a certain extent. In this environment, Bitcoin, as a non-traditional asset and potential inflation hedge, may attract more investor interest.
At the same time, the trading volume of Bitcoin ETFs has occupied a considerable market share, accounting for a quarter of the total spot trading volume. This shows that Bitcoin ETFs are becoming an important part of the market and may have a positive impact on Bitcoin's liquidity and price stability.
Combining the above factors, it can be considered that the rebound expectation of Bitcoin after the decline is relatively optimistic under the background of the increase in the inflow of spot Bitcoin ETF and the expectation of the Fed's interest rate cut.
In terms of trading operations, I think the current market should be a shock repair market. After the previous order takes the short order to stop profit, we are ready to go long and continue to ambush the rebound trend
This BTC point: buy long orders below 540
Set a stop loss according to your personal tolerance range
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