After Bitcoin fell yesterday, today it has again fallen into consolidation around the 64K level. Since it already broke down and fell yesterday, it may rebound to around 64,300 and then turn back downward. It may also drop straight down toward around 63,300. It’s hard to judge the short-term trend!
As I said before, August is likely to close with a bearish day (a red close)!
I went short with a small position around 64,800 yesterday, thinking that if Bitcoin rebounds upward, I could add to the short. But I never got the chance to add—this is also the short-term uncertainty of the market.
So when trading, you always need to leave yourself an escape route: how to respond if the market moves upward, and how to respond if it moves downward. Try not to expose your human weaknesses.
As I said before, August is likely to close with a bearish day (a red close)!
I went short with a small position around 64,800 yesterday, thinking that if Bitcoin rebounds upward, I could add to the short. But I never got the chance to add—this is also the short-term uncertainty of the market.
So when trading, you always need to leave yourself an escape route: how to respond if the market moves upward, and how to respond if it moves downward. Try not to expose your human weaknesses.
