During the meal, I took the opportunity to analyze the market. I have been banned for three days; I admit my mistakes and accept the punishment.
Alright, I got off track. Currently, it is noteworthy that the ETF has also seen a net outflow for two consecutive days. If Thursday's slight outflow could be ignored... Friday saw a substantial net outflow of 800 million. A daily outflow of 800 million is already comparable to what we saw in March. So whether we can stop the decline next is crucial; is it a stage transition into a bear market, or just a panic sell-off? The liquidity situation on Monday and Tuesday is very important... Based on past occurrences of significant news on Fridays, and the typical low liquidity over the weekend, things usually don't start to get interesting until late Sunday night or early Monday before the CME opens...
If this downward trend continues, it may only stop around the CME opening... (Look at the guidance of the CME U.S. stock index futures after they open; if the U.S. stocks can’t stop falling, then we have to continue.)
Yesterday, I took the opportunity to bottom-fish, placed a low long order at 112222 and left it alone (continuing to fill the gap at 112,000 points). This morning, it automatically took profit at the resistance level of 113600. I'll check for suitable opportunities later in the day. Happy Sunday, everyone! $BTC
#加密市场回调
Alright, I got off track. Currently, it is noteworthy that the ETF has also seen a net outflow for two consecutive days. If Thursday's slight outflow could be ignored... Friday saw a substantial net outflow of 800 million. A daily outflow of 800 million is already comparable to what we saw in March. So whether we can stop the decline next is crucial; is it a stage transition into a bear market, or just a panic sell-off? The liquidity situation on Monday and Tuesday is very important... Based on past occurrences of significant news on Fridays, and the typical low liquidity over the weekend, things usually don't start to get interesting until late Sunday night or early Monday before the CME opens...
If this downward trend continues, it may only stop around the CME opening... (Look at the guidance of the CME U.S. stock index futures after they open; if the U.S. stocks can’t stop falling, then we have to continue.)
Yesterday, I took the opportunity to bottom-fish, placed a low long order at 112222 and left it alone (continuing to fill the gap at 112,000 points). This morning, it automatically took profit at the resistance level of 113600. I'll check for suitable opportunities later in the day. Happy Sunday, everyone! $BTC
#加密市场回调
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