Last night, Powell just made a decisive move to crash the market, and then super positive earnings reports from major tech companies like Microsoft appeared, directly sending U.S. stock futures soaring. The Nasdaq rose 1.4% before the market opened, and Bitcoin also came back to life, leaving Shuqin astonished. Can it really be played like this?
The current market situation is as shown in the chart; Bitcoin's doge operators are still using old tricks, faking a breakdown to trigger long stop losses while enticing shorts, then pulling it back up. Shuqin has talked about this routine in several episodes, hoping everyone can take advantage of it; it's all about picking up money.
Yesterday we were preparing to short at a higher point, close to 120,000, but unfortunately, the direction was correct, but Bitcoin couldn't move after rising to 119,000 last night, resulting in no short positions being taken. However, the long position at the support level of 116,000 below can be operated, congratulations to those who have entered.
So now, I am preparing to short near this red resistance line to give it a try because Bitcoin has been consolidating for almost several weeks. We have been mindlessly trading in waves, making money when we hit the mark, and waiting for the next order if we miss it; we haven't lost yet.
I won't guess when this range will end; I will keep trading in waves until I hit a stop loss. At that time, I will reassess the new trading strategy~
