Big surge! When everyone online starts shouting that bulls are coming, you should be careful! Even gold is starting to fall.
1、This latest rise of $BTC has already broken out of the consolidation range. Some babies see the big jump and want to short—yeah, I know you’re in a hurry, but don’t rush. At least first watch how it reacts around 72,600. If it continues to break through, then look at 74,200. If you want to try a short, at minimum wait until the price reaches these two levels and observe whether there’s a fake breakout. Don’t乱 short from the current position.
2、A more cautious approach is to wait for a pullback and go long, because in this kind of market, chasing longs can easily trigger stop-loss! For downside support, keep an eye on around 71,300 and around 70,000. If you truly can’t control yourself and want to short, then no matter what you have to exit at these two locations. If you want to go long on dips, you can also watch these levels; and if you didn’t get a dip-buy, you can buy a smaller amount of spot.
3、Yesterday I said gold could enter a short around 4500, so the big baby placed a short order at the pullback level above 4500. Now my short has already been triggered, and the price has dipped a bit. The rest is just patience and waiting.
Ps: The more crazy the market gets, the less you can make money by stubbornly charging ahead with no sense. Let it fly for a bit first～
1、This latest rise of $BTC has already broken out of the consolidation range. Some babies see the big jump and want to short—yeah, I know you’re in a hurry, but don’t rush. At least first watch how it reacts around 72,600. If it continues to break through, then look at 74,200. If you want to try a short, at minimum wait until the price reaches these two levels and observe whether there’s a fake breakout. Don’t乱 short from the current position.
2、A more cautious approach is to wait for a pullback and go long, because in this kind of market, chasing longs can easily trigger stop-loss! For downside support, keep an eye on around 71,300 and around 70,000. If you truly can’t control yourself and want to short, then no matter what you have to exit at these two locations. If you want to go long on dips, you can also watch these levels; and if you didn’t get a dip-buy, you can buy a smaller amount of spot.
3、Yesterday I said gold could enter a short around 4500, so the big baby placed a short order at the pullback level above 4500. Now my short has already been triggered, and the price has dipped a bit. The rest is just patience and waiting.
Ps: The more crazy the market gets, the less you can make money by stubbornly charging ahead with no sense. Let it fly for a bit first～
