Last night's Federal Reserve meeting seemed to have little impact on the cryptocurrency market; the insertion wasn't deep, and it was quickly retracted. Major institutions are still aggressively accumulating, with high costs and low profits, so they won't sell. The bullish sentiment is strong, and on the other hand, there are many short positions in the contract market. The operators will definitely take large losses and small profits, they will choose to drive up the price to explode the short positions, and then act as fuel for the push. Yesterday's strategy didn't work out, so today we updated the narrow range oscillation strategy. Currently, the market is in a high-level oscillation; it is a weak rebound now, creating another false bullish wave, forming a secondary peak, followed by a significant drop, leaving only tail-end market conditions. Therefore, do not chase the rise; it's not worth the risk of flirting with danger. There are still events to be announced in the next one or two days, including the price index, non-farm payroll data, and unemployment rates. Market sentiment remains tense; the thunder has not yet been resolved, so we must not let our guard down. We should respect the market and manage risk properly. #PiJS #pi #BTC #ETH
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