$BTC
Let's analyze the current market first. It can be understood as a huge game field. Everyone is guessing whether the US economy will be completely ruined and whether interest rate cuts will come to the rescue. If the US economy is really not good, interest rate cuts must follow.
This is why many people now think that the market is going to fall. The trend seems to be that the bears have the upper hand, but it is not easy to do medium- and long-term shorts.
As far as the current market is concerned, maybe there will be a big rise before the real collapse. It will rise to the previous high and blow up your shorts to the point that there is nothing left, and then it will fall down. This is also a classic old routine.
The Federal Reserve's interest rate meeting tomorrow night will definitely make some noise, so if you do short-term trading today and tomorrow, you have to converge your positions and leverage, and strictly set stop losses.
The position mentioned in the previous article is still valid:
Upper pressure level: 95000 / 95600 / 96200
Lower support level: 94400 / 92800 / 90500
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