If you just want to see today's operation suggestions, just scroll to the bottom.
Yesterday I thought BTC was strong enough. It didn’t collapse under the impact of the news the night before. But before I could finish my words, it continued to fall last night. So has it fallen to the right level? If you have observed the Nasdaq, you will find that the trend of BTC last night was almost the same as that of the Nasdaq, except that the Nasdaq opened high and fluctuated and fell above the water, while BTC kept hitting new lows underwater. The rhythm is the same. Although BTC has the highest correlation with the Nasdaq, it is not very obvious. Especially when BTC is rising, it often ignores others and rides far ahead. But once the trend turns and BTC is at a critical node, it seems to be at a loss and terrified, and follows the Nasdaq step by step. I have verified this rule and experience more than once, and it is worth your attention and reference.
That is to say, whether the decline has been completed depends on the Nasdaq. If you pay a little attention, you will find that BTC jumped up and down very actively during the opening of the Nasdaq last night. Of course, it mainly jumped down continuously, but after the Nasdaq closed at 5 am, BTC immediately became a confused and frightened lamb. It did not dare to break through the pressure, and was reluctant to set a new low. In the afternoon, it was still oscillating in a very small range, and a convergence triangle was about to be formed at the one-hour level. Therefore, the bigger direction has to wait until the U.S. stock market opens in the evening. Why can't we predict the next trend of the Nasdaq first? I also think so. Although I am bearish on the overall trend of the U.S. stock market, the three major U.S. stock indexes hit the important platform and neckline support level directly with a huge negative the day before yesterday. How can we see this position without breaking down? I am also desperate. My mind tells me that there should be some fluctuations here, and it cannot break down all at once. But the market sentiment is so bad. Oh, my head hurts. If I have to make a clear statement, I feel that it is uncertain whether BTC has bottomed here, but there should be some fluctuations and rebounds. And it is almost the weekend, isn't it? The Nasdaq does not open on weekends. Don't take it too seriously. It is completely my inner drama.
In fact, the direction is not that important. Don't worry about it. There is no clear trend trading opportunity at present. Although it has fallen for two consecutive days, it cannot be considered a trend. Moreover, we had already recommended everyone to short sell before the Fed news the day before yesterday, and we also recommended short selling yesterday, so you won't suffer any loss.
The position I suggested to everyone to short yesterday was actually OK, but it was too early to close the position. Fortunately, my long position at 99700 gave me a chance to exit the market on a rebound. When it rebounded to around 101000, I wanted to short again, but I was forced to hold back. Irritability is a disease, so everyone should take it as a warning. Irritability orders may make money, but they are transactions that should not occur. Transactions should be planned in advance as much as possible, and improvisations should be avoided as much as possible.
I have said so much nonsense, and it feels like I am wasting time. In fact, if you read it carefully, there are still some knowledge points and trading experience summaries in it. Let me tell you what you want to hear:
Today's small-rhythm operation suggestions during the day, please note that it is a short-term and aggressive operation. Remember to lighten your position. Be calm and cautious and automatically skip it. Today's operation idea is to buy more at a high altitude and sell more at a low altitude. The position of the low altitude refers to the low point in the early morning, around 96000-96500. The stop loss is set below the low point of 95600, preferably 95000. Look at the upper side near 98000. The high altitude position is near 99000. The better short position is 100300-100500. The stop loss is set above 100500 as much as possible, and the target is near 96500. It is clear enough. If the price does not reach it, it is none of my business. It is important to remind you that this suggestion is only valid before the opening of the US stock market, that is, before 10:30 tonight. If you have a single order, try to close it in advance regardless of whether it is long or short. It does not mean that you cannot buy high and sell low after the US stock market opens in the evening, but you need to be more cautious and the buying and selling points need to be more conservative. I will post it again when I have time in the evening.
Wow, the price has risen to 98000 so quickly. When I started writing this post, it was still below 97000. I just made some long orders at 96500, closed the positions, and waited for short orders around 99000.
