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My new round of currency circle diary (lost half at the beginning)
Fourteenth update, March 21, 2024:
The high leverage still hasn’t gone away. Yesterday BTC fell below the key point of 63500 and dropped to 60755. I thought I was going to win. 64500 is a cut-off point. If it exceeds 64500, it may rise. I set the stop loss from 69188.8 to 68888.8. Considering that the Fed is unlikely to have the same problem, I went to bed early at night when I was very tired. Somehow, I woke up at 3 o'clock in the middle of the night, looked at the market, and actually pulled it directly over 64500. After checking, the Fed did not say anything big. So I moved my stop loss back to 69188.8. When I woke up again, it was directly at 68,000. I looked at it with a confused face and found that there was nothing good about it.
After reading the social media, everyone said that Powell spoke very dovishly. I looked at the dot plot and found that there were 9 members who thought the rate would be cut within two times, and 10 members who thought the rate would be cut more than twice. Although it was clear that interest rates would be cut this year, But this actually shows that there is a risk of further reductions in the number of interest rate cuts.
In addition, yesterday’s ETF data was still not good, and ETFs continued to outflow for the third consecutive day. Although it was mainly Grayscale that was selling, the overall outflow had not happened before for three consecutive days.
Now it is obvious that the wave of decline is over. Whether it is the end of adjustment and continued rise, or whether it is just the first wave of overall decline, only God knows. To be honest, the stop loss point is too low, but there is no way, I open a high leverage.
Can't we win after all?
$XAI Continue to wait for the launch of pledge v2. XAI cooperates with MIX, and more than 100 games will be launched online in the ecosystem. This is a big plus, and I have greater confidence in XAI.
