Everyone is bearish on #BTC , so why does Doug insist on going long at the 112000 position?
1. Because there might be an interest rate cut in September.
[In the face of interest rate cuts, if someone can predict it with technology, they are a genius]
Of course.
Just before Old Powell's speech, there might have been insider information, and they did indeed pull the market up first.
2. Technology has never been 100% accurate,
but the profit-loss ratio on the market is very real.
.
You see, 112000 can be considered the last defensive position of the current trend.
In other words, if it breaks below this, then it means that 124545 might just be the historical high.
So we can see that if we go long at this significant potential rebound position of 112000.
Set the stop-loss at the 105000 range,
If we incur a loss, it will be 1.5%
At the time of a rise, it could be 5%
This profit-loss ratio and the market are very worthwhile to consider.
Even if we incur a loss and it breaks below, going short is not worthwhile. So this position can be seen as bearish.
But shorting here is meaningless.
This is the position to go long.
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Alright, so all strategies Doug will share.
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