5.23 Friday Morning Thought Analysis
The major currency experienced a significant rise early yesterday morning, during which many traders likely entered short positions. Yesterday morning, the price surged to around 111800 points, and many also entered short positions during this time. According to what other analysts said, the cost-effectiveness of shorting during this process was relatively high, especially since the price is now at a high level.
At that time, I thought the same way, so I provided a shorting strategy at five o'clock yesterday morning. However, when I woke up, I found that the price had already broken through the level I mentioned, directly surpassing the 110000 points mark. My first reaction was that such a good opportunity to short must be seized, as the morning's strategy was also to short, so I directly entered a short position.
Following the normal process, I added to my position and reduced my stake at the opening price. However, as the price movement developed yesterday, I started to feel something was off. After the major currency rose, there was basically no significant correction, and it instead stabilized around the 111000 points mark. Therefore, when it rose to a higher position early in the morning, I calculated the amount to add to my position and controlled the average price after the addition to be above 111100 points, then I added again and set a break-even exit.
Holding onto the position for too long can affect my judgment of the situation, as maintaining a short position will definitely lead to a bias towards bearish sentiment.
The above is my thought process for trading yesterday. I believe today's overall strategy will still focus on shorting. After all, although the major currency has risen several times, it has not broken through the 112000 points level. It is currently in a phase of high-level consolidation, possibly preparing for the next upward movement.
Morning Operation Suggestions
Short between 111800 and 112400, targeting 110000. After breaking through, continue to look down. If it does not break, reverse to go long
$BTC $ETH $XRP #币安Alpha上新 #比特币突破11万美元 #BTC再创新高 #Strategy增持比特币 #币安Alpha空投SOON