Analysis of the morning market, yesterday's prediction basically matched Lao Deng's expectation of opening orders. When BTC broke through the 65,000 mark, a wave of short orders came. This wave of short orders in the range has a profit space of nearly 3,000 points. Those who have not followed Lao Deng to make money can take a look at Lao Deng's strategy analysis today.
From the strong support line drawn by Lao Deng in Figure 1 yesterday, it can be seen that the index began to rebound strongly at 3 o'clock in the evening, and the pin rebounded upward at 62,655. The range fluctuation is very obvious. Some fans asked Lao Deng where to stop profit yesterday, and Lao Deng said that this support level can be used to stop profit for short-term fluctuations. Today, from the capital market, it can be seen that a large number of medium and small orders began to go long at this support level, while large orders can still be seen to be flowing out. Lao Deng thinks that this wave of longs still has a high risk coefficient. It is not ruled out that a wave of shorts will go short, and a large number of retail investors will be trapped at this point!
Lao Deng's next focus is also on the 63,144 support level. This point can show whether the trend today is a rebound in short orders or a continued decline. It is a very critical position!
The worst way to trade is to frequently enter and exit with a heavy or even full position. This is a sign of complete loss of self-control and is almost the behavior of a madman. Always bet on those transactions that are most likely to succeed. This is a matter of odds and probability.
