Market surges and plummets, classic double explosion of bulls and bears!
Yesterday, the big coin rose to around 109,000 and then quickly dropped by 3,000 points, completing a double explosion of bulls and bears within 24 hours, with long positions liquidated for 220 million and short positions liquidated for 130 million. This wave probably left everyone stunned. The current K-line for the big coin is still moving within a triangle, and I mentioned in yesterday's post that recent trades should focus on the boundaries of the triangle, noting that the upper boundary is around 109,000. Yesterday's high reached 108,900, just 100 points away from the short positions. Trading is like this; there are no very precise points, only a precise range! Ethereum is also experiencing significant volatility; the current intraday pressure for Ethereum is around 2,620 to 2,680, with support below around 2,500. The current position of Ethereum is not suitable for trading.
Additionally, important news: The Federal Reserve's interest rate decision meeting will take place tomorrow night at 2:00 AM on June 19. This meeting is crucial and has a significant impact on the market, so it is worth paying attention to.
Trading is a difficult path; you cannot expect to profit immediately from a trade. If you keep fantasizing that your trades will move in the direction you hope for, you can be sure that you are not yet ready for trading! $BTC