Last night was truly thrilling! More than 300 million orders were liquidated, and I haven't verified the data yet.
Last night felt like being suddenly attacked by a little black swan; during the year-end Federal Reserve meeting, that guy Powell actually dropped a bombshell, saying a bunch of things unfavorable to us, and specifically mentioned Bitcoin, wasn't that clearly meant to make us cry! As a result, U.S. stocks, Bitcoin, and gold all plummeted together.
In the face of the power of policy, our technical analysis feels like paper tigers, easily pierced. But luckily, my operations yesterday were quite clever, and I escaped a disaster. Last night, I even saw the right shoulder shape appearing on the 1-hour Bitcoin chart; this operator is ruthless, not even letting 1055 stand for a moment before heading south directly.
Now, this trend is already looking off; we need to quickly adjust our strategy. Those support points have now turned into resistance points. If the rebound can't push up to 1055, we might consider shorting to make some profit.
If the rebound lacks strength, it’s likely to stop around 1036. If we want to re-enter, we need to wait until the larger cycle drops to 9400 or 90000 for safety.
So, everyone, the crypto market is really unpredictable; we must keep a close watch and be ready to adjust strategies at any time!
For the upcoming layout direction, I will guide everyone to aim for high-profit opportunities in altcoins, especially those with great potential; expecting a space of over 10 times is definitely possible. If you want to make big money in a bull market, like and comment, and I'll take you along to layout the entire bull market!
