Brothers, hello everyone, I am the trader Zhu Yici. The U.S. stock market plummeted last night, and Bitcoin and Ethereum were dragged down with it, but the decline was smaller than I expected. Perhaps there were more short positions at this position, and the decline was not very smooth.
There are a lot of news in September. The most important ones in these two days are the U.S. unemployment rate and non-farm data for August at 8:30 p.m. on Friday, the 6th. The plunge on August 5th happened after the release of this data, and the market is still in shock.
This month, everyone's trading strategy needs to be more conservative, especially the use of leverage should be cautious. In my opinion, buying spot after a big drop is a good strategy. My current position is spot EDU, with an average price of 0.644, 2x contract AI and 3x contract SSV. If SSV gives me another chance, I would like to close it first to avoid risks.
September is destined to be a turbulent month, and the market may face extreme wide fluctuations in order to get more people off the bus. As a long-term positive, interest rate cuts will inevitably promote the arrival of a super bull market. Hold on to your spot positions and wait to make money!
