I carefully looked at the market trend at this position.
1️⃣The technical pattern is converging. Convergence is the prelude to a change. At present, it is a convergence from a high position, which has built a bottom pattern. Conclusion: You can get on the train with a stop loss and bet on a daily rebound. The best stop loss is the low point on May 1. The more aggressive ones are placed at yesterday's low point, which is easy to be triggered. It depends on your risk preference. The overall profit and loss ratio is 🈶1:3.
2️⃣Macro aspect: 1. The monthly Qt of the United States has dropped from 95 billion US dollars to 60 billion US dollars. The Federal Reserve has actually increased the US dollar liquidity by 35 billion US dollars per month. 2. The US election, stabilize the economy, and win votes.
Note⚠️
1️⃣Because the market differentiation is relatively large, the trends of various sectors are different. Under the condition of favorable fundamentals, although they will rebound, the weak coins may rebound to a limited extent. The strong will always be strong. For some weak currency-based currencies, add 3-5 times leverage to make money.
2️⃣The monthly level is upward as a whole, and the weekly line has not yet completed the correction. The market is not panicking at all. I personally estimate that this daily level rebound is to prepare for a deeper decline in the weekly line, so it is mainly short-term, mainly earning U, coins and chips. The real bottom usually comes when the market panics, and it also takes time to exchange space.
3️⃣ No matter how the market goes, the most important thing is to follow it, buy at the buy point, and sell at the sell point.
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