Long time no post. After the Federal interest rate decision today, you’ll find something very interesting. The hardest hit category is actually technology: the Philadelphia Semiconductor Index closed up. But this Friday is the quadruple witching day (four-witch day). Before quadruple witching, prices often can’t fall because options trading brings many natural buy orders to US stocks. So we’ll need to watch again on Monday. Next Monday—if the support from options is gone and BTC and US stocks can still keep rising, then the Nasdaq and BTC will break upward. P.S. The Nasdaq already took a bottom, up — 4,000 dollars in 10 minutes.
Take off, take off! Boss Zhao has never stated any view that BTC will fall. He has been reminding everyone about 100,000, 100,000. Today, the US stock market and individual stocks are soaring across the board.
The short positions in gold and silver that I currently hold were provided by the trading group a few days ago. This is the last time I’ll trade gold in the near term. Over the next period, I don’t expect gold volatility to decline, and the focus will shift back to the S&P.
Live stream August 25th: BTC market analysis. BTC's reaction to key structural levels has always been strong. There's not much room left from the high of 82,300. Above, some spot sell orders have started to appear. The whole strategy is to go long on dips below, or go long on a breakout$