《Market Direction----Need to be accurately judged》
After two days of small fluctuations, it just inserted a needle upward from 61,000 to around 61,800 and then quickly withdrew, not giving the air force who thought that two days of sideways trading would inevitably fall any time to react. Pursuing excitement requires facing greater risks.
Although Bitcoin has a need for a correction, the signal given by the current market data is that it will rush up and then make a correction. This is the same as what Tucker said two days ago. It is estimated that Bitcoin will first go to around 63,000 and then make a correction.
And we took advantage of the last needle inserted on Friday and received sol at 151. We should also choose to reduce our positions while Bitcoin is rushing up and wait for a correction before entering the market.
As the trend of the big cake changes, we also follow the trend. When Sol is around 162.5, we can reduce our positions appropriately, or we can cover our positions around 150.5. We should not blindly chase the rise or bottom-fishing.
The main force gave the long and short sides a chance to rest during the weekend. Now they are ready to move. Open orders with stop loss and be alert to the pins in the early morning.
There will be a data on the one-year inflation expectations of the New York Federal Reserve in July at 11 o'clock tomorrow night. The impact is not great, but it can fan the flames when the long and short sides are dealing with the zero boundary point, increase market volatility, and also give fans and friends a warning in advance.
