1 hour bloodbath of 4000 points! Be careful of the bulls' guillotine tonight
Wow! Last night #BTC played a heart-pounding game again, pulling 4000 points in one hour! Many veterans set their stop losses at 112500, lucky for them they held on, otherwise they would have lost their pants by now!
But upon closer examination of this fierce surge—shorts are liquidated, but what about the subsequent volume? Thunder without rain! A real rise with hard cash is the hard truth. Right now, this shrinking volume surge looks like last year's deadly "false breakout" trick?
Now let's look at this contradictory situation:
The technical analysts are shouting that the bull's tail is coming, and the previous highs of 150000-170000 look tempting...
But sovereign funds are collectively playing dead, and gold positions are unchanged! How long can this solo show last? If you ask me, if you don't understand the market, don't force it. Do you think the market makers are running a charity?
Better to kneel and observe than to stand and take the fall!
Now don’t talk about chasing longs or looking short; the toughest move: turn off your phone and sleep! If the market is volatile, it's better to stay still!
Stuck in a position? When to bottom fish? It's still the same saying: if you're confused and helpless, quickly follow me for top-notch trading strategies. Guessing is not as good as following!
