The short position near the evening's highest level of 118,600 was given in advance. The lowest point was around 115,700 and fell below the target of 116,500. The short position followed the take-profit at 17,000 and took up 1,600 points of space.
The four-hour chart of the morning pancake shows a stepwise decline, with the bulls failing to rebound, momentum weakening, and the rebound highs moving lower, under the dominance of the bears.
After a large downward probe, there was a four consecutive bullish candles rebound to above the lower Bollinger Band.
Trading suggestion: Shorts around 118500-119300, target 117000-116000-115000.
The long positions on the pancake have been successfully closed! After the opening of the US stock market in the evening, there was a brief fluctuation before starting to rise.
The long positions earned 1000 points in the trend, and after the new strategy update, I went short again and gained another 1000 points.
GDP exceeded expectations along with a rebound in inflation may indeed lead the Federal Reserve to be more cautious in raising interest rates, and the probability of holding steady is not small; after the positive sentiment from the easing of Sino-U.S. relations is released, the market may also easily experience correction pressure, making this timing judgment reasonable.
In terms of operation, short in the 118700-119100 area, add short at 12000 looking at 116500, and simultaneously look at Ethereum at 3580.
August is approaching, and the end-of-month closing phase is a great opportunity window. We are currently recruiting strong players to focus on swing trading and challenge a 10x account increase together!
Swing trading is best suited for funds of 20,000 to 50,000, while short-term trading is optimal with 8,000 to 15,000; you can witness the results of account growth within 10 days!
The direction of the market often exceeds the expectations of over 90% of people. Many times, what you think is impossible will ultimately become a reality!
Short at 118800 for Bitcoin, exit at 117600, profit of 1200 points; Short at 3874 for Ethereum, exit at 3765, profit of nearly 110 points, totaling 2.3w oil.
The position transfer plan is ongoing, leading new partners to continue the battle in August, stay tuned.
The market continues to fluctuate widely, making trading quite difficult. There is a Federal Reserve meeting today, and significant volatility is expected; it is recommended to avoid news events and wait for a bottom testing before continuing to be bullish in August and September.
For Ethereum, pay attention to the support level at 3720; if it does not break below this level on the four-hour chart, it could test the levels of 3805-3850-3885-3940 above; if it breaks below 3720, it will retrace to 3680-3630-3580 to look for a rebound, with daily support at 3300.
The daily candlestick pattern shows a high close, indicating a correction. The divergence at the top of the moving averages shows a strong demand for adjustment, and with a large volatility base, the adjustment space could be considerable. In the evening, short-term trend-following low buy:
The core of position flipping is not about all-in, critical hits, or luck, but rather:
1. Knowing when to act and when to wait 2. Knowing when to hold and when to cut losses 3. Grasping market sentiment and being clear about your emotional bottom line
Position flipping is a combination of technique and mindset. Most people either lack the necessary skills or lose control of their emotions. Don't rely on the market to save you; those who prepare in advance and take proactive action before the market arrives are the real winners.