$BTC

6.27 Daily Report

Yesterday, I closed the long position that I had been doing for many days at 62000. This order lost 5 to 6 points because it could not break through the 4-hour middle track after rebounding, and it went down along the middle track all the way. The shrinking rise is also becoming more and more obvious. For large funds, it is more important to keep profits. In principle, this long position should not be made. The original intention was to try to rebound in the empty big cycle, but the continuity was not enough. It was a failed attempt after one day. This further verifies the principle that the small cycle is subject to the big cycle.

Today, I maintain a bearish mindset and short at highs. I also made an arbitrage at night. I hope this real-time operation can serve as a warning to you and remind you to remember two principles again;

1. Do trend-following orders

2. Small levels are subordinate to large levels

Regarding the asynchronous market of copycats and Bitcoin, in fact, this round of copycat bubble is not like the bull market in 20 years. Strictly speaking, only Bitcoin is rising because of institutional ETFs. So after falling so much, the independent market of copycats is also very normal. It still tests your vision. If you don’t release the water for a day, there will be fewer opportunities for copycats.