There are two major economic data releases this week,
both are higher than expected, negative, and lower than expected, positive.
PMI data will be released at 21:45 on Wednesday,
PCE data will be released at 20:30 on Friday.
In general, the market will fall before the data is released,
and it will rebound only if the data is good after the data is released.
Yesterday, I reminded everyone to sell SOL,
This price has a small profit margin and is easy to pull back,
ETH ETF may have news this week, so in the market correction,
pay attention to ENV, SSV, and Uni,
Now we just hold some positions and wait for opportunities,
If there is a big pit, we will buy the bottom and add positions,
If it continues to rise, we will not lose money,
WLD and BCH reminded several times that shorting is profitable,
WLD short orders can stop profit first, short-term rebound, and then look for opportunities to short when it rises.
Trading in August is probably a bit difficult,
because we have just experienced two favorable releases:
Trump's speech at the BTC conference and the interest rate cut in September
We need to ask ourselves a few questions when trading now:
Can we accept BTC falling another 10%, for example, to $63,000
Therefore, if it rises again, we need to sell in batches, and then find some soft persimmons to short
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