Last night was truly thrilling! More than 300 million single positions were liquidated, and I haven't verified the data yet.
Last night felt like being suddenly attacked by a little black swan; at the year-end Federal Reserve meeting, that guy Powell actually pulled a big move, saying a lot of things unfavorable to us, and specifically mentioning Bitcoin—it's like he wants us to cry! As a result, US stocks, Bitcoin, and gold all plummeted together.
In the face of the power of policy, we technical analysts are like paper tigers, easily punctured. But luckily, my operations yesterday were relatively wise, and I escaped a disaster. I even saw the right shoulder shape emerging on the 1-hour Bitcoin chart last night; the market maker is really ruthless, not even letting it stand at 1055 for a moment before it directly headed south.
Now, this trend is already off, and we need to quickly adjust our strategy. Those support points from before have now turned into resistance points. If the rebound can't get above 1055, we can consider shorting to make some profit.
If the rebound lacks strength, it will probably stop around 1036. If we want to buy back in, we need to wait until the larger cycle drops to 9400 or 90000 for safety.
So, everyone, the cryptocurrency market is truly unpredictable; we must keep a close watch and be ready to adjust our strategies at any time!
For the next layout direction, I will lead everyone to aim for lucrative opportunities in altcoins, especially those with high potential projects. Expecting a space of over 10 times is not a problem; if you want to make big money in a bull market, like and comment, and I will guide you through the entire bull market!
