$BTC Market The Federal Reserve's interest rates remained unchanged last night, and Powell's remarks were neutral, but the entire market has turned bearish. The proportion of short sellers is large, and at 4 PM, 30 minutes after Powell's speech, there was a reversal surge, trapping short sellers and causing heavy losses. This market has always been like this; in the era of big data, specific contracts need to be closely monitored. Alternatively, use the 'Short Probe Method' to trade in segments, probe for long-term trends, and place stop losses within profits.
Regarding the current market situation, anyone with clear eyes can see that nearly every surge high point is about 1500 points away from the previous high. If there is to be a rally, it's capital looking for a suitable time to dump and lure in buyers to harvest the long positions.
In recent days, the market will certainly experience a wave of dumping, as the daily rise of about 1500 points makes the entire dumping space larger.
From April 23 to May 8, over 15 days, the market rose from around 93000 to 99400, just 6400 points. The facts are now clear. The market rose from 83000 to 95000 in just two days. This indicates that the majority of the market expects a bull run around June to July. Capital has no choice; coincidentally, the Federal Reserve's interest rate remains unchanged, and a surge reaches the pressure point of 99500.
At this time, the market sentiment is bullish, which is a good thing. Last night, if the spot market missed the opportunity to enter and trade in segments, then it's better to give up entering at this moment. Wait for the dumping before reconsidering. As for contracts, the same advice applies: use the 'Short Probe Method' for operations, focusing on short positions.
The initial target is 93500, then look for 90500.
