#Trading Strong, brainless V reversal. Long positions are recommended to exit. The decline is expected around Sunday afternoon. BTC should not exceed 106500 at most, ETH should not exceed 2450. Then we will see a second drop to test the bottom. During the second drop, ETH may lead the decline. Furthermore, looking at the trend of the third brother, the weekly chart does not look like it has bottomed out.
There are two types of downward trends: One is a pullback around 102000-103000 followed by an upward movement. The other is continuous oscillation testing lows down to around 97000.
#交易 Only by integrating knowledge and action can one experience the greatest pain. I have been hesitant to enter the market during today's rise. Because I believe there will definitely be a second pullback. If the second pullback does not break, then it is the point to enter.
But I see that many whales in CG have no signs of closing their short positions, and are even increasing their short positions, with profit-taking targets as low as 97000, and even 93000. Does this mean that before the July rise to the September rise phase, the market needs to do another deep squat?
#交易 Originally fully invested in altcoins, I have already been trapped with a 10% loss. I couldn't bring myself to cut my losses and held on for 7-8 days. Last night, I had a feeling that something was off, so I made a tough decision to cut my losses with a 2500u stop loss and went to cash. As a result, there was a huge crash right after. If I had held my position, I would probably have nothing left. I'm glad I still have over 1000U in reserve.
Now I don't dare to buy the dip; I feel like there will be another wave tomorrow afternoon, so everyone should be cautious when buying the dip.
Feeling exhausted. Really too tired. BTC rises, altcoins fall. ETH rises, altcoins fall. Every day is a decline, every day is a decline. Rising is as difficult as reaching the sky, while falling is like a flood release. Besides falling, it's just falling.