Good evening, everyone. I am Mihu.
First, let me review the orders I gave yesterday. Both of them broke through the previous highs. I also explained how to enter and set stop losses when the market falls back. I also explained the nodes where I closed some of them. If you are not clear, you can look at the previous posts.
I also hung up the band of BTC yesterday, and I took 400 points and ran away. The market is generally not volatile on weekends. As long as you are not short at the lowest point and long at the highest point, the probability of losing money is not high.
As for the future trend of Bitcoin, I think it has not come out yet. However, I still hold around 68,000 for the rising potential, and I am still bearish on the current situation. Of course, I am talking about the medium and long-term shorts. If Bitcoin cannot stand at 66,000, I will be more willing to be bearish, and vice versa.
Operation:
1. For the Bitcoin, I still insist on closing part of it when it doubles, and setting the rest to protect the principal. Focus on playing the leading Bitcoin, and play other Bitcoins with small positions.
2. I still hold the long-term short position of Bitcoin. If you want to go long, at least go long near the support level of 64700, set a strict stop loss, and move the loss position up when you make a profit.
3. The rebound of Ethereum is basically over. I feel that the momentum is insufficient. This is my personal opinion.
4. Finally, I emphasize again that you should learn to go short, don’t do things that you are not sure of, and don’t hold orders!
Be patient.
