$BTC Place a pending short order: short at 65300, stop loss at 66000, take profit at 62800 If price holds above 65300 here, it may go up to touch 67000
$ETH 1950 lock, stop loss 1982, take profit 1910-1850 The overall trend is a bit upward now. The short position from yesterday is now making a small profit, so I'll exit first Go to a better position to enter
$SNDK 1520-1551 short at the open, stop loss 1562, take profit 1419-1380
There’s an earnings report due at around 4 a.m. I’ll wait for the results. Most likely the report will look very good, but I don’t know whether the market will buy into it. I’ll place a short order so I can sleep.
$ETH 1954-1985 up, stop loss 1994, take profit 1910-1880 1799-1779 buy, stop loss 1770, take profit 1852-1875
Now ETH has formed a kind of triangle convergence pattern. It has been consolidating in this range for many days. This pattern means the market has not yet provided a clear direction; it could break upward or drop downward. Once a breakout happens with volume, the acceleration in the price action is often very significant.
I already posted it before. Lately I’ve been thoroughly studying candlestick chart trading techniques, so I haven’t paid attention to Space X. The earnings report is very good, but it’s still down—this also shows that the market is looking at the future, the future’s profitability.
Regarding tonight’s 22:00 PMI data: it won’t directly determine whether there will be a rate hike, but it’s highly influential. 1. The forecast is 54. If it comes in above expectations, it suggests that manufacturing is strong, which may lead the Federal Reserve to lean toward maintaining a tight monetary policy (a rate hike or keeping the current stance unchanged—rate cuts are unlikely/impossible). This would also be bearish for risk assets (BTC/ETH). If it’s below expectations, the market may become volatile due to concerns about the economy. 2. Check whether prices are rising—this can directly reflect inflation pressure. I previously mentioned that the Federal Reserve is very concerned about inflation and interest rates, which indirectly affects expectations for rate hikes.
One whale falls and everything is born—why do you have to guess where the bottom is? Why do you have to try to bottom-fish? Go buy photovoltaics—leaders in traditional industries like energy and telecom.
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