🔥Market analysis:
I didn’t hold the short positions of Bitcoin and Ethereum yesterday. I only made a short-term profit after I got a bite of meat. I originally thought that the support of Bitcoin in the range of 62600-62800 should be tested once or twice, but I didn’t expect it to fall directly. Bitcoin even fell to around 60,000 in the early morning. Our strategy group has arranged a short-term oversold rebound at 61600/60500. At present, the long positions at 60500 are still held. If there is any sign of trouble, we can run away at any time...
There are two reasons for the decline in the market:
📌The most important reason for this wave of decline is the clearing of leverage. During this period, the fomo sentiment is very serious and everyone is shouting Bull market, it seems that if you don't shout that the bull market is back, it would be politically incorrect😂, 56000→66000, this wave of 10,000 points rise📈, too many people got on the bus to chase, if the car body is not cleaned up, it will be too heavy, and the subsequent pull-up will not be able to move❗
📌The large-scale conflict in the Middle East last night was the direct cause of the market waterfall, and the US stock market also fell a lot. Whether the subsequent conflict will escalate is still a variable...
🎈Operational suggestions: Continue to hold 60500 long orders, and stop loss at 60000. Since the market has warmed up and market confidence has returned, then be a die-hard bull❗
