#市场反弹迹象 Yesterday $BTC pulled up the rebound of the entire crypto market with a big positive line, but judging from today's market, the rebound is not strong enough.
I still hold the view that the market will fluctuate and consolidate for the next period of time. Don't blindly choose the direction, try to watch more and do less. A lot of funds are actually lost because of not abiding by discipline (itchy hands).
Only do things with a high probability of being right, seize the opportunity to dare to increase the bet when the certainty is high, and use stop-loss orders for protection. What the crypto market lacks is not opportunities, but mentality. Don't envy others' sudden wealth. First, stay stable and develop, accumulate experience and capital. Only by surviving can you wait for opportunities.
Today's market has stopped the decline. In fact, during the morning session, we could see that the low of $BTC was very close to the low on December 20. As I pointed out in yesterday's post, if the low of December 20 was broken, then the short-term support would be gone, leading to a short-selling opportunity.
However, since the low was not broken and when the increase exceeded yesterday's decrease, a long-buying opportunity also appeared.
Led by $BTC , other cryptocurrencies have also experienced a significant rise. But I still want to emphasize that the profits from the previous period have not been fully digested in such a short time, so everyone should not blindly chase the highs.
$BTC 's current trend is quite similar to what I mentioned in my post two days ago; it is still in a phase of consolidation.
The volatility over the past three days has been narrowing, but there's one thing I'm not sure if everyone has noticed: the daily lows of $BTC are continuously moving downward.
It's necessary to remind everyone to pay attention to the lows of $BTC on December 20 and December 6. If the current lows continue to drop below the lowest points of the 20th and 6th, there will be a wave of contract opportunities.
But please remember, follow the trend and only do the things that are likely to be correct, and also set a stop-loss point. Controlling losses while letting profits run is the way to make money, and I hope everyone reading this post makes a lot of money~
As mentioned in yesterday's post, $BTC entered a consolidation trend. Yesterday's amplitude was around 4.28%, and today's amplitude narrowed further, currently around 2.2%.
Still the previous point of view, the previous rise in profit will not be digested in the short term. In the absence of other news stimulation, the probability of high-level consolidation is high. Don't blindly operate high-multiple contracts. It's not time to choose a direction yet.
It would be more comfortable to do grid arbitrage at this stage. Wait for the consolidation to be completed, and then follow the trend instead of guessing the direction like a gambler
From the BTC trend in the past two days, although there was a drop in the short term due to U.S. economic policies, it did not break the previous low from December 6.
Currently, the selling pressure has been released, and there is hope for stabilization. However, due to the rapid rise in the past month or two, with significant profits being realized, it is believed that a period of oscillation and adjustment is still needed for digestion.
It is recommended to conduct grid trading within the range during this time, while being cautious of blindly engaging in high-leverage contract trading.