The market tonight is really crazy, both long and short sides are fighting fiercely. And many small orders flow in, resulting in the total order volume actually flowing in. The first interest rate cut by the Federal Reserve was postponed from June to September, which is one of the factors leading to the negative impact. And more factors should be that the turbulence of the international situation forced the bigwigs of Wall Street in the United States to go long on virtual currency to stabilize the value of BTC.
During the day, Lao Deng said that both long and short sides were quite restrained today. There was not too much width fluctuation, and then the battle started at night. There should be a big spike tonight. Fans and friends suggest not to open orders in the middle of the K-line. Now this wave of market is a hard fight to see which side has strength, and even the long and short sides may not know the result.
Lao Deng's plan is to continue to watch the market and wait for the capital of both sides to decide the winner after 12 o'clock before opening orders. Small orders can enter the market to play. The BTC support level of 70134 mentioned by Lao Deng in the morning has been broken. This wave of trend is bearish, but the possibility of a sudden upward spike by the bulls cannot be ruled out. After all, small orders are active tonight, and it is likely that both long and short will be killed.
In the uptrend, I think there is room for a correction, so I will hold my hands and don't go short. Our trading cannot and does not need to be perfect. Do not trade against the trend. Follow the trend. If it is an upward trend and you think there is room for a correction, without violating the original trend, you must control your trading desire and resist going short. ——Analyst DJ
