2024.8.9 Market Guide
1. The market has reversed all the way, and the big cake has been blocked and fell back to around 62700. In terms of data, BlackRock's net outflow of sweeping stocks was as high as 157 million, and Grayscale's outflow was 180 million, and institutions were also taking over each other. From the overall environment, the international situation has gradually eased, and economic data has also eased the expectation of a recession in the United States.
2. Yesterday, two important strong pressure points of 60000 and 62500 were mentioned, but the direct break was beyond expectations, resulting in a loss of one short position. With such a large and rapid pull, once Grayscale or MTG starts to act and drive panic, the market is likely to go down. 49000 may not be seen, but there is a high probability of around 58000 or below.
3. In terms of operation, no matter where the short position is, 58000 is the first target, and the long position will be determined based on the real-time trend and data. This round of rise is basically confirmed to be the work of institutions. Once the chips are loose, it is a common choice for institutions to cash out in a short time and start the next project. At present, those who are chasing long positions in the short term must be cautious.
Today's position:
Pie short position
Open position 62500
Stop loss 63500
Take profit 58000
P: At present, the chance of going up to 62500 is slightly small. The specific position does not have to be 62500. You can open positions in batches above 61000. Be sure to pay attention to the position and strictly control the stop loss.
