2024-09-20 Today's Views Abridged Version

Finally, Japan still held this meeting. As expected, there was no interest rate hike, and the whole market was given a big boost. This is the only good news we know in the short term. There is no expectation to speculate in the future, so it is better not to have too high expectations.

The most painful thing is not those who have short orders, but those who have chips at the previous low. Now stop profit, afraid of selling, afraid of not being able to take it back. If you don't lock it, you are worried that the profit will be greatly withdrawn, and you will be hit by the loss if you lock it again, and then you will be hit by the loss again.

This kind of spiral rise cannot have a gentle callback. As long as the callback starts, it will be a flash crash, and it will crash for more than 2 consecutive 4 hours, and we can't predict when it will crash, which is the most fatal.

Now there is no way to use conventional technical means to analyze the market, "picking cakes from flat ground" is very appropriate to describe the current market.

I just think that this trend is very risky, really very risky. Almost all the coins are "retaliatory" pull-ups without consolidation, but if you run slowly in this trend, you will be buried in it in minutes.

If you have multiple orders and spot goods, you must remember to push the stop loss upwards and hang them in batches. If they suddenly come down, it may not be triggered in full. Go up a little, push it up a little. Don't be lazy at this time.

If you are short, don't add it now, it is not sure to be the top. See how the big cake goes, the monthly line and liquidation do not support prices above 654.

For those who were long before, now is a good opportunity to reduce positions and close orders. If you have been untied, you can move the stop loss to protect your principal loss, or go up a little bit. If you haven't been untied yet, keep an eye on it and start to slowly reduce your positions when you get a better price.

The market is about to change, and you need to keep an eye on the market. I won't do technical analysis today, it's meaningless. The upper resistance position has been mentioned long ago, and there is no change. Everyone should pay more attention to it.