火炎
Frequent Trader
4.9 Years
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$BTC
High altitude with low volatility is the best order opening mode in a fluctuating market. Don't treat a fluctuating market as a trending market; chasing longs at high prices and shorts at low prices will only lead to losses for you. Moreover, I can clearly say that all the news in the crypto circle and the data you can see cannot guide you in trading contracts, and may even be the source of your contract losses.
High altitude with low volatility is the best order opening mode in a fluctuating market. Don't treat a fluctuating market as a trending market; chasing longs at high prices and shorts at low prices will only lead to losses for you. Moreover, I can clearly say that all the news in the crypto circle and the data you can see cannot guide you in trading contracts, and may even be the source of your contract losses.
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This month, the next two weeks will be a turning point for the market.
$BTC
After pulling up to 7.4, 10-11 has been oscillating for more than a month. From the time point, next week and this month will be a turning point for the market. At that time, if this month closes with a certain length of a solid bearish candle, then the market will continue to oscillate (which may adjust the oscillation range downward).
Is there a probability of breaking out and making a one-sided move? Of course, there is. Personally, I am purely a technical trader, dealing with contracts, focusing only on probability theory, and have predictions and coping strategies for any market. If you are concerned with news and data, please take a detour, as our paths do not align.
After rising to 10.03 last week, a pin bar was formed on the weekly chart. The closing this week is also crucial, determining whether to probe the bottom around 9.8-10.03 before pushing up again, or to directly challenge above 11 near 10.5, just wait for the main force's actions. As shown in the figure, 10.5 is the midpoint of the oscillation range.
After pulling up to 7.4, 10-11 has been oscillating for more than a month. From the time point, next week and this month will be a turning point for the market. At that time, if this month closes with a certain length of a solid bearish candle, then the market will continue to oscillate (which may adjust the oscillation range downward).
Is there a probability of breaking out and making a one-sided move? Of course, there is. Personally, I am purely a technical trader, dealing with contracts, focusing only on probability theory, and have predictions and coping strategies for any market. If you are concerned with news and data, please take a detour, as our paths do not align.
After rising to 10.03 last week, a pin bar was formed on the weekly chart. The closing this week is also crucial, determining whether to probe the bottom around 9.8-10.03 before pushing up again, or to directly challenge above 11 near 10.5, just wait for the main force's actions. As shown in the figure, 10.5 is the midpoint of the oscillation range.
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