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My new round of currency circle diary (lost half at the beginning)
Fifteenth update, March 22, 2024:
The high-power leverage still didn’t go away. I think the retracement of this wave of gains from 15476 to 73777 is not over, and the retracement range is between 37000 and 60755. The rise of Bitcoin from 60775 to 68240 really scares me. It is about 900 dollars away from the stop loss point. Fortunately, it has gone down again. Although it is not ruled out that BTC will continue to rise and stop losses, it is also possible that it will lead to a wedge shape and fall.
Yesterday’s ETF data was still not good. ETFs continued to outflow for the fourth consecutive day. Yesterday, Grayscale was still selling. Fortunately, BlackRock’s buying volume was quite large, with an overall outflow of US$94 million. On the day when Bitcoin rose 10 points, the overall ETF outflow was US$260 million. I think there will be a stampede down. At that time, I can buy the bottom, and it is also the time for me to close my short position.
Can I win?
$XAI Continue to wait for the launch of pledge v2. At 7 o'clock this evening, XAI and MIX will cooperate to conduct an AMA on Binance LIVE. You can check it out when you have time. Since I think the market will fall, from the perspective of trading bands, it is recommended to reduce positions on highs. Of course, if you are optimistic about the spot in the long term, you can stay put.
