After the rate cut, $BTC experienced a strong rise and is currently fluctuating around 63000±800
As for the big cake order, it seems that I have misjudged the direction of this wave. Currently, I have a small floating loss of 1,000 points.
This is why I always emphasize position control. In this kind of volatile market, high-multiple orders can cause you to blow up your position countless times.
The current position of 63,000 is good because there are opportunities both above and below.
If you are bullish, you can probably understand that: the 50-point rate cut will benefit the return of funds, and there will be no big data impact in the future between Japan and the United States, necessary speculation before the US election, and fluctuations at this position, chip digestion, etc. Although BTC has risen, the increase is not large. In the long run, it is still at a relatively low point. If it can break through 65,200 in the next few days, the upward trend will continue.
On the contrary, the short position understands that the positive impact of the rate cut has been almost digested in advance. With the current market up to now, the pressure on the long position of 65 and 66 has increased, and the short-term selling pressure may be large. Similarly, if there is no good news from Japan and the United States, it will be difficult to break through the upper side. On the contrary, if it retreats to at least around 61,500, the long position of 836 million US dollars can be liquidated. It is necessary to pay attention to the estimated retracement point of 60,000.
My personal understanding is that although the interest rate cut is a big positive, I don’t think it will start a bull market right away. It needs to be cleaned up and down.
The stop profit for long positions at 63000 is around 65200+64600, and the stop profit for short positions is around 61250+60000. We need to pay close attention to any breakout on both sides.
To put it nicely, the different directions are operated by each blogger based on his own trading strategy and financial experience.
To put it bluntly, there is no answer to the short-term market situation.
Receive a comprehensive understanding of the market, then make suggestions based on existing experience, and fans will then make decisions after careful consideration.
Why do we need to think? It's simple, because no one can be right all the time, just admit your mistakes, and I am most afraid of those who are stubborn, delete comments, and hire trolls.
For example, a certain blogger brags every day that he has made dozens of correct predictions in a row, and he says that the range of the two biscuits is one or two hundred points, and that the range of bad or good news is 20 points. He also says that his predictions are correct. Then he posts fake pictures with hundreds of times and tens of thousands of Us every day, and all the comments are from internet trolls. You can just block him. Guess who I am talking about?
I don't know if anyone has any good references, so I'll recommend two that I think are good.
neutral:@颜驰Bit
long:@金余给给
Short term:@彩虹兔-止盈看主页
