$BTC Master of the Chained Theory Kneels to Sing Conquest! How Erratic Was the Cryptocurrency Market Last Night?
Last night, the cryptocurrency market was nothing short of a "meat grinder market"! Both bulls and bears were killed three times, technical indicators failed across the board, even the master of the Chained Theory had to kneel and sing conquest. In this market, trading short-term? You'd be lucky to come out unscathed!
The Federal Reserve remains inactive, with interest rate cuts pushed back to September, and the sword of Damocles hanging over the crypto sphere has been extended for another two months. Looking at the big picture, the bears have already loosened the reins, and any rebound is just a chance to lose money; shorting at highs is the correct strategy.
However, the 4-hour chart for the short term is somewhat interesting: a bullish candle engulfs a bearish candle, and the previous low has not been broken, indicating that the bulls are still struggling. Today, you can lightly enter for a rebound, but remember! This is like taking a nut from the fire; if you make a profit, run—definitely do not get greedy. When the rebound hits resistance, turn around and go short, let the bear army take you flying!
Bear markets often see violent surges, while bull markets tend to crash quickly. Now? Buckle up; the main upward wave of the bears has just begun!
Next, I will continue to lay out my strategies; rather than fumbling around yourself and missing the best entry and exit points leading to losses, it’s better to follow me—those who agree can directly join in.
