The most terrifying market of BTC has begun, which is this kind of repeated ups and downs. There is no prediction for this market. Whether you are shorting or long, you will always be trapped.
This afternoon, Lao Deng saw that the funds were still flowing in, and it began to flow out in large quantities in the evening. This unpredictable market can only kill both longs and shorts. Retail investors can only be beaten when they enter the market. Without certain operating experience, it is difficult to survive in this market!
In the afternoon, a wave of longs entered the market, and the market is expected to start stretching. Starting at 8 o'clock in the evening, shorts began to short in large quantities. This makes a large part of the longs in retail investors trapped at the high point. I am sure that many bloggers will not open orders in this range. Lao Deng is also like this during this period. The current changes in the market can be said to depend on the game between longs and shorts.
Lao Deng is also watching the market now to see whether the shorts will continue to explore and break through yesterday's low of 69567. This wave of exploration is now a test or a real decline. It depends on whether there will be a rebound tonight. Lao Deng will continue to post articles tonight after confirming the trend. Please pay attention to Lao Deng's subsequent articles!
