Friday's blood flowing back to the heart is real. It's sad because there will surely be many of you swept away this morning 🥹
This morning at the office, I only had time to reply to one comment on the previous post to help you not feel confused, then I was also worried about everyone’s anxiety, but now I just had lunch and have time to post.
💥 The market is always harsh like that - even though the candle closed above last night, and still in the support zone (115.7), but pulling back a bit over 1k in price, just to "liquidity hunt" as usual.
💥 BTC.D dropped about 5% in July, because during the crypto week, you mentioned, capital flowed to ETH with many large ETFs (receiving $1.8 billion inflow in the week while BTC only received $72 million). So you see ETH is stronger, less correction, while the market lacks the momentum to break through.
💥 The market has still been moving in the accumulation zone of 115-121 for the past 2 weeks. Currently, it is still in the bull flag range, not clearly breaking up or down. The price drop last night was a technical selling pressure, not based on bad news.
--> Volume and liquidation show that the short wall around 120-120.6 is stopping the upward momentum, while longs are mainly at risk below 115.
💥 Although this morning the lower area has been almost completely cleared out. But currently, there is no reversal pattern in the frames, H1 & H4 still have pressure, so we can still retest the 114 zone, everyone.
💥 I have advised a lot about discipline and risk management, and it often happens when you lose, just don’t be sad, simply log out of the app, and come back when your mood is stable. And there’s a lesson about capital management when entering the market. From splitting capital, setting SL, volume, etc. must all be tight and safe, do not be subjective with the market. I have a post about capital management in futures already, you all search and check it out.
💥 If there’s anything, I’ll update below the comment, okay?
--- Love all ---
This morning at the office, I only had time to reply to one comment on the previous post to help you not feel confused, then I was also worried about everyone’s anxiety, but now I just had lunch and have time to post.
💥 The market is always harsh like that - even though the candle closed above last night, and still in the support zone (115.7), but pulling back a bit over 1k in price, just to "liquidity hunt" as usual.
💥 BTC.D dropped about 5% in July, because during the crypto week, you mentioned, capital flowed to ETH with many large ETFs (receiving $1.8 billion inflow in the week while BTC only received $72 million). So you see ETH is stronger, less correction, while the market lacks the momentum to break through.
💥 The market has still been moving in the accumulation zone of 115-121 for the past 2 weeks. Currently, it is still in the bull flag range, not clearly breaking up or down. The price drop last night was a technical selling pressure, not based on bad news.
--> Volume and liquidation show that the short wall around 120-120.6 is stopping the upward momentum, while longs are mainly at risk below 115.
💥 Although this morning the lower area has been almost completely cleared out. But currently, there is no reversal pattern in the frames, H1 & H4 still have pressure, so we can still retest the 114 zone, everyone.
💥 I have advised a lot about discipline and risk management, and it often happens when you lose, just don’t be sad, simply log out of the app, and come back when your mood is stable. And there’s a lesson about capital management when entering the market. From splitting capital, setting SL, volume, etc. must all be tight and safe, do not be subjective with the market. I have a post about capital management in futures already, you all search and check it out.
💥 If there’s anything, I’ll update below the comment, okay?
--- Love all ---
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