$BTC #美国CPI数据连续第4个月回落 #美国7月PPI低于预期 #美联储何时降息?
In recent nights, Bitcoin has deeply replicated the trend of the Nasdaq index. Tonight, the Nasdaq opened sharply lower, and Bitcoin followed suit. After the pattern was confirmed, I opened a short position at 60223 at 21:44, and placed a stop-profit order at 59698.
I went out for a night run later, and checked the market on my phone from time to time. At around 22:00, Bitcoin fell to 58787.5 and then rebounded to above 59000. I realized that the first support level should be the integer mark of 59000, but I did not cancel the stop-profit order. I wanted to observe whether 59000 could stand. Later, the price stayed above 59000.
At this time, a sudden heavy rain soaked me while I was running at night. I found a residential property under the eaves to smoke and take shelter from the rain. I took out my mobile phone and saw that the stock had rebounded to above 59,500. What's worse, I glanced at the Nasdaq and found that it had rebounded a lot from the bottom. I hurriedly stopped the profit and the transaction price was 59,597, with a profit of only 600 points, a little more than 9%.
Operation reflection:
1. How could I forget that the integer position is often the key support level, 59,000 should be the first support level, and the stop profit price was not set near 59,000.
2. Even if the stock rebounded to above 59,500, the Nasdaq also rebounded a lot, but no matter the stock or the Nasdaq, the deep V reversal is rare after all. According to previous market experience, even if it turned, it would fall later, so why rush to close the position at the market price of 59,597? There should be opportunities to close the position above and below 59,000. It was closed too quickly! Remember in the future that you should not only open positions slowly, but also close positions slowly, be steady, and don't be impulsive.
3. I wanted to continue to open shorts, but the Nasdaq entered a volatile pattern, which was difficult to judge. Before the closing at 4 o'clock, the trend of the big cake was difficult to judge. I decided to stop and go to sleep, and fight again after the important data comes out tomorrow!