Last night, many friends @Can I chase long positions? For those who are short-term intraday traders, my answer is no, just wait and see! Because such a market is a deviation from the technical side, in the market of Tiandizhen, it is definitely not recommended for everyone to catch short-term positions, as it is easy to be trapped at the top or bottom. However, in fact, after the price stabilizes, it is similar to our opening price. However, such a market can easily lead to various situations such as short positions being blown up, short positions stopping losses to chase long positions, long positions stopping losses to chase short positions, etc.! In addition, holding overnight orders can easily make everyone fall into an anxious trading mentality, which is very dangerous!
Lao Xue understands: In a market like last night, there must be many friends who followed the market to chase longs and shorts or hold longs and shorts, and some are still trapped at high or low levels until now. This is normal, because not every trader can distinguish which markets we can or cannot chase, and this is also the time to judge our trading skills!
I think: the news does stimulate the market and cause it to accelerate dramatically, but it is unreasonable to use a certain reference standard as the basis for our heavy long or heavy short positions! Just like, last night it was generally believed that the news was bullish, so why not open a long position with high leverage? In fact, it fell back to the starting point or even far below the starting point in the early morning. Can this be explained by the news? Don’t go to the global market to find any factor that causes market fluctuations every time the market fluctuates. You are not doing data research. You only need to ensure that you can firmly grasp the 1-2 wave trend of the day. After all, the K-line has existed 100 years ago, and it will still exist 100 years later!
Every time Bitcoin breaks a new high, the market value support is strengthened and the risk of a sharp pullback caused by regulatory uncertainty is reduced. However, we still need to be vigilant against black swan events at the operational level, such as the economic situation causing the Federal Reserve to change its interest rate cut path, geopolitical conflicts, and accidental events during the transition of presidential power. After all, the current market is full of greed and sensitivity.
Bitcoin fell in the midst of a clamor, and rose in the midst of a hustle and bustle. It failed to break through 94,000 in the early morning yesterday, and stepped back to test the support of 88,000. In the current small-scale trend, we can pay attention to the lower edge of the rising channel, especially in the range of 88,000-89,000. The most stable layout at the moment is, of course, to wait for Bitcoin to pull back and then enter the market again, which is suitable for setting a small stop loss. This wave of pullback is just a brief pause on the way to the mid-term rise, the purpose of which is to accumulate strength for the subsequent impact on the 100,000 mark. After the adjustment is completed, Bitcoin will surely embark on a rapid upward path again!
There are opportunities to make money every day in trading, so don’t worry or regret missing out on making money. As long as you can make money steadily and continuously, you have mastered the essence of trading! Trading is a field where you can lose everything but never make enough money. Whether you lose or make money is entirely up to you!
