Live Record 2024/12/19

First, this week's market trend is very complex, as BTC broke new highs reaching over 108000 on Monday and Tuesday, then quickly turned down to over 98000, causing most high-leverage positions to be liquidated to zero. I already told you yesterday that the market is very dangerous. Bitcoin indicates a high probability of breaking through 103100, and Ethereum at 3558 gives you an opportunity to buy the dip in spot trading, but there is still another potential dip point for Ethereum that is uncertain.

Second, today pay more attention to BTC's resistance at 103000. Ethereum might face some resistance around 3698 to 3800, which actually corresponds better to Bitcoin's price.

Third, intraday trading with limit orders is less risky than sleeping orders because after the ETF opens, the trend is usually straightforward and won't give you opportunities to cut losses. I have mentioned multiple times that ETF dumping and pumping will only deceive you once, and then the market won't turn back. For example, yesterday Ethereum spiked up to 3907 (Binance U-based contract price) when the Federal Reserve announced the interest rate decision, creating a false bullish signal. Finally, when you woke up today, it had dropped all the way to around 3540. If you went long halfway through, you were given no chance to breathe at all.

Fourth, many fans haven't fully understood Bitcoin contracts and have already lost everything in altcoin contracts. You say you have so much money, thousands or tens of thousands of dollars, just buy some leading altcoin spot and Ethereum. Even if you get stuck, at least you still have some chips left. When the market warms up, you might still make a profit.

Fifth, our previous trading strategy combined entering the market with market orders and strategy limit orders. Today, when BTC was at 99600, I originally planned to enter a market long position, but when I completed my strategy, I found that it had already risen to over 101100, which is a small regret for today. #BTC

Sixth, the Federal Reserve Chairman said that BTC is not allowed to be used as a strategic reserve, but he later mentioned that it would be decided by Congress, which means he did not make a definite statement. It is possible that the law may be amended or that Congress might decide to pass it later.

Seventh, trading contracts involves many scientific procedures. For example, if you enter a long position, where is your take profit? Where is your add-on point? If you add more and get back to break even, will you exit completely or leave some position? Finally, if things don't meet your expectations, do you have strict risk control and stop-loss points? Therefore, our high win rate is based on having many take profit and stop-loss strategies, adding positions to break even, exiting, protecting capital, and operating with T+1 trading. #BTC