Today is Friday, two days later on Sunday at midnight, KX will open the weekly line. Currently, even if you have a short position at 99800, it is only temporarily out of danger. From Saturday to Sunday night at 21:45, the bulls might still push higher. It is not recommended to short at the opening of the weekly line because this month is under bullish pressure, and the monthly trend is greater than the weekly, so the lower trend line for this week's weekly must be very short;
Even if you want to short from the opening lower trend of the month, the opening lower trend line on 2024.12.1 must be decisively closed immediately after it comes out. Why is December a half bullish pressure? The short-term upward momentum is also very strong!
The entire period of 22 days is under bullish pressure, and market corrections are just for increases; currently, it is running on the upper track in the four-hour timeframe, indicating that the bullish pressure from the seven waves is very strong;
So this month's profit from shorting is only 12.1. The opportunity is during the early morning from midnight to 10 AM. Once the December lower trend is out, after a few hours of sideways movement, it will rally;
Currently, there are still 22 days of bullish pressure left in the entire period. The best approach is to follow the trend. Head assets have risen too much, and now it's not a good time to chase. Just wait for the opening of the weekly and monthly corrections. The three-line currencies (BCH, LTC, ETC) will also correct, so just buy the three-line currencies and it's fine.
