Bitcoin rises with a big bullish candle—like thousands of troops come to meet!
We’ve been calling for a Bitcoin rebound for more than a month. We ground it out at the bottom for a super long time, and today we finally got a decent bounce.
This time, for our spot swing trade around 68,500, we exited the position. This is the tenth swing take-profit of this bear market year—this time we waited especially long.
And there’s also a three-times leveraged token setup for this swing. The profits are pretty solid.
Earlier, I mentioned that on 8/27 there will be the Bitcoin Asia Summit. Over the next few days, there should be a lot of volatility.
Just now, the U.S. Treasury announced it would carry out a repurchase of Treasuries, and Bitcoin finally responded.
During this period, because long-term Treasury yields have been too high for years, the market has been panicking about investing in general—everyone’s also worried about the interest-rate hikes.
This Treasury buyback operation didn’t just pump Bitcoin—it also lifted gold and silver.
Here’s something worth noting:
With news this big, the U.S. stock market didn’t really react much.
As mentioned in the previous post, risk is gradually approaching. We’re steadily reducing our positions in U.S. stocks, and we fully closed out the 2x long positions in Micron and Hynix.
Over the past few days, we’ve been trimming on strength—slowly bringing cash onto the sidelines.
Bitcoin may also carry out the final shorting move of this bear market cycle!
Be patient and wait for $BTC
We’ve been calling for a Bitcoin rebound for more than a month. We ground it out at the bottom for a super long time, and today we finally got a decent bounce.
This time, for our spot swing trade around 68,500, we exited the position. This is the tenth swing take-profit of this bear market year—this time we waited especially long.
And there’s also a three-times leveraged token setup for this swing. The profits are pretty solid.
Earlier, I mentioned that on 8/27 there will be the Bitcoin Asia Summit. Over the next few days, there should be a lot of volatility.
Just now, the U.S. Treasury announced it would carry out a repurchase of Treasuries, and Bitcoin finally responded.
During this period, because long-term Treasury yields have been too high for years, the market has been panicking about investing in general—everyone’s also worried about the interest-rate hikes.
This Treasury buyback operation didn’t just pump Bitcoin—it also lifted gold and silver.
Here’s something worth noting:
With news this big, the U.S. stock market didn’t really react much.
As mentioned in the previous post, risk is gradually approaching. We’re steadily reducing our positions in U.S. stocks, and we fully closed out the 2x long positions in Micron and Hynix.
Over the past few days, we’ve been trimming on strength—slowly bringing cash onto the sidelines.
Bitcoin may also carry out the final shorting move of this bear market cycle!
Be patient and wait for $BTC