Recently, many people have the feeling that Bitcoin or Ethereum are always hitting my losses and then rising or falling. This article may tell you the answer:

For example, 59800 is currently the support-resistance exchange point, which means that a large number of people will choose to try long orders at this position. Most people are used to taking 700-1000 points of defense, often just hitting the loss, and then the market starts to rise.

This may be the main force cultivating the habit of retail investors not to take stop losses. In other words, the main force must be brewing a big market, and since the triangular convergence of the market has come out, it can be said that the direction of the market will soon come out.

Back to today's market, what should we do?

First of all, I am still optimistic that the market will go to the 54500 line, especially after the fraud was confirmed yesterday, which further confirmed my determination to look at 54000-54500.

Today's greed index is 26, which is great. I have said before that when the greed index is around 25, there is a high probability that the last drop will be smashed. The last drop is often the fastest, the most violent, and the largest in volume. The current price of the big cake is 59500. A 5000 point drop, the panic market can be smashed.

There are only two ways for the main force to wash out retail investors, panic market, sideways fluctuations up and down, what other tricks are there, no tricks. For us, if the market breaks to 54000-54500, we should boldly go long. Even if this place is not the bottom, it is almost there.

For the day, it is still mainly short. But the point is more important. At present, 59800 and 61000 are two feasible points. We especially pay attention to the fact that the US stock market has reached the previous starting and falling points. There is pressure at this place.

On the other hand, the revised data of non-agricultural employment will be announced tonight. Don’t think that the decrease in non-agricultural employment is a good thing. It is not a good thing now. Because under the premise of a 99% interest rate cut in mid-September, the market is still mainly worried about economic recession. So if the non-agricultural employment is further revised down, it will bring huge pressure to the US stock market and the currency circle.