In the world of cryptocurrency, which is full of passion and uncertainty, never be afraid of no new stories, no need to worry about the lack of innovative vitality in the industry, and no need to worry about it being ruined. Because, in this seemingly disordered field, new possibilities are always being nurtured.
Just like we have been waiting for the arrival of the wind, now the wind has really come. When it blows, the wonderful stories we expect, the innovative breakthroughs we desire, and the positive development trend we all expect will all return. The power of capital is like a god. It says there must be light, so the cryptocurrency circle has new hope and direction. Don't forget that we are in a global, 24-hour, super casino where opportunities and risks are constantly intertwined and collided.

Trading Operation Review


The recent cryptocurrency market has been turbulent. BTCD broke 55%, which may be a new starting point. Yesterday, I decisively closed a bunch of copycat contracts, leaving only $SOL. At the same time, in order to hedge the spot position, I opened a short order for Bitcoin, but because I was still optimistic about the bull market, I was worried and did not dare to open too many short orders. After all, the pain caused by stop loss was unbearable. I placed a stop-loss order at 98,000, and set the profit-loss ratio to 2:1.
This decline is actually within my expectations, but the efficiency of the decline is much faster than I expected. I originally expected a volatile decline, but I didn't expect the market to be so fierce, as if it was closely following the trend of the US stock market. The reason why I chose to open a short position in the big cake instead of a copycat short position is mainly because the certainty of the big cake in the market is higher, and the risk is relatively easier to control.

BTC Technical Analysis


Next, let’s take a deeper look$BTC Technical trend. From the daily level, the price has once again stepped back to the MA60 moving average, which is the second time. If it cannot hold here, then this ascending triangle pattern will be broken again (last time it fell below the MA30 moving average). Once this ascending triangle pattern is broken, it means that the upward trend is stagnant and destroyed, and the market may turn to the larger MA120 moving average. In this way, the market will gradually turn from a trending market to a volatile market, and the adjustment time will increase accordingly, which is obviously not a good thing for investors.
Currently, BTC is still in the overall adjustment from 108353. From 91530 to 102724 is the second part of the whole adjustment process, and now we are in the third part. Since the rise in the second stage was relatively rapid, I think the decline in the third part should not be too deep. From the chart, it is normal to stop above the first two red circles. But if the price breaks down to around 86000, it will take longer for the market to repair.
The above are just my subjective thoughts based on the market trend. The current market has come to this stage, and I have not yet taken back the altcoins I closed before. After all, the price of Bitcoin has fallen too sharply. I plan to take it slow and observe the market dynamics carefully before slowly taking it back. In this currency circle full of uncertainty, every decision needs to be made with caution. Let us pay close attention to market changes and seize every possible opportunity.

#BTC重返10万