I woke up and found that the market had changed suddenly. The price of Bitcoin soared and broke through the 65,000 mark. The shorts were liquidated and lost more than 4 billion US dollars. All this was expected. The short orders last night were considered to be full and the stop profit was also at the bottom. The good thing is that Lao Liu was too sleepy and went to bed with an empty position after posting the article last night, so he didn't get this wave of longs. It's a pity... Despite this, the short forces did not give up, and they even pushed the funding rate to a negative value. The speech of Federal Reserve Chairman Powell had a profound impact on the market. With a large number of shorts being cleaned up, the prospects of Bitcoin seem bright, and the bull market seems to have restarted.

In fact, Lao Liu has always not recommended to make orders on weekends, because everyone has been busy for a week, and spend more time with family, wife and children on weekends. The main reason is that the market is small on weekends, and Lao Liu usually does not recommend making orders.

But whether this bull is rising, is it suitable to make orders now?

This weekend is different from the previous weekends. Lao Liu suggested to try a small short position. Now the price is 2765, just short (short-term small position) #杰克逊霍尔年会 $ETH