It has been quite a while since the last post, hope you guys are still doing well these past few days😅.
The lines drawn on this chart have been very accurate after the market movement, capturing both rebounds and trends quite well. When trading, it's important to control the pace and not to open positions in the wrong direction or recklessly when the market gets heated.
Yesterday, the options trading saw an 8-fold increase overnight; there may be another big market movement coming, depending on the relationship between Iran and the United States. If there are internal issues within the U.S., there might be a double whammy for both bulls and bears, and Iran's strikes against the U.S. shouldn't cause much volatility. The focus should be on the Fed's interest rate cut expectations and the global market's response to the war. If global stock markets are all down but the crypto market isn't, it could be time to open a short option position.
