$ETH $BTC I am not optimistic about interest rate cuts. I mentioned before that I am bearish on the market, even if Powell's remarks on Friday lead to a surge, I still remain bearish. Therefore, I have made no arrangements for this surge in the spot market. Including today, when students asked how I view the spot market, I say two words: wait.
I see BTC breaking down to 98,000 after falling below 11, and ETH breaking down to 3,300 after falling below 4,060.
After Powell's remarks caused a surge last Friday, I posted that I continue to be bearish on the market. Anyway, with so many market trends fluctuating, I have a good grasp of them. Successful arrangements in the spot market are all based on the major trend of declines forming a foundation and returning to the V-zone.
Additionally, regarding contracts, a fan asked me on Saturday, since the market trend is bearish, why are you and your students going long? I want to emphasize: my bearish view on the major trend is my analysis of the market, not a reason to short contracts.
Contracts must be mainly based on swings. Of course, if you think there is an opportunity for medium to long-term positions, that is also based on the premise of making profits on swings, holding with a breakeven stop to look ahead, rather than following the major trend. Contracts involve leverage, and leverage carries the risk of liquidation. Therefore, when trading contracts, one must learn technical analysis of indicators; otherwise, how can you play swings! If you really play contracts with the pattern of the major trend in the spot market, that would be equivalent to committing suicide!
Recently, I have been busy trading contracts, so I have been live streaming less and posting less. If you have questions, leave a message in the comments. If you want to learn technical analysis of indicators, you can come consult.
