At 2:30 AM, the Federal Reserve's interest rate decision is announced, followed by Powell's speech, which is expected to last until around 3:15. I thought the market had stabilized after a decline, so I moved my stop loss into profit and went to sleep. However, when I checked in the morning, the market had changed, and the timing was around 4:00. Capital markets are quite adept; after checking the 4-hour shorts liquidating, I understood the reason. Last night's decision to keep the Fed's interest rates unchanged and some of Powell's statements led everyone to take a bearish view, resulting in this significant rally.
I stayed up late last night, only to find it was in vain. This highlights the importance of the core technique of 'Short Exploration Method': entering the market means profit, moving the stop loss into profit, and using profits to track market trends. Unfortunately, just as I lay down to sleep, the market formed a support with a 30-minute EMA double track, and the indicators reversed to bullish. I was stopped out of 1500 points in profit; I was just trying to break even. 😂😂😂
As a Chinese person engaging in cryptocurrency, especially contracts, the time difference between China and the US really takes a toll on my health. I developed a stomach ulcer last year, but fortunately, the biopsy was benign. I still advise everyone trading contracts not to stay up too late; if you can take swings, do so and then exit. If you're feeling greedy, you can set your stop loss at the profit point and take a stop win to sleep, at least using profits to monitor trends. Of course, for those who are trapped, unravelling such market conditions is also quite simple. If you have any questions, feel free to comment or consult.
