Yesterday, within one day, both bulls and bears exploded, and many people couldn't tell the direction. During this period, there was a big difference between bulls and bears. This is nothing more than Gouzhuang taking advantage of the trend of Bitcoin ETF and Ethereum ETF to harvest back and forth. This is normal because it is a washout period. At this stage, bullishness and bearishness are divided into patterns. If your pattern is only for one or two days, then you are bullish. If your pattern is one month, then you are short. Remember how to go up the mountain, and remember how to go down the mountain. Just like I said two days ago, even though we are currently on the rebound. I'm still biased towards the short side. The main reasons are: 1. The market now does not have the aggressive short selling that it used to do, which means that bookmakers can only rely on pulling up prices to close positions; 2. Market liquidity is poor, and bookmakers will frequently create market conditions to generate a certain amount of liquidity, going back and forth. Washing the market; 3. The U.S. stock market is now at a high level, and there is a risk of being short at a high level; 4. The Federal Reserve will continue to raise interest rates, all the way to 7%; 5. It is now in a period of false prosperity, the stock market is rising, and the real body is stretched.
A rebound is seen in October, but the strength of the rebound is limited. Many people see through 3w, but 3w can only be achieved based on a firm position of 27700. What’s next? There will be a big drop on October 16th and 17th because the second review time of BlackRock ETF has arrived and will continue to be postponed. Before that, there must be another surge. After the decline, it rebounded and fluctuated for a week, then changed to 10.26, fell until the end of the month, and then brewed a big drop at 11.1. The reason for judging the change on 10.26 is because 11.1 is the time for the Federal Reserve's decision, and the market will react a few days in advance. In addition, the monthly and weekly lines will be closed in the last week of October, so the change must be downward.
Before falling, just reduce your position and take profit on the highs. There are opportunities both low and high. If the pattern is larger, the short order can take the middle line, and stop the profit if it steps back, always making room to roll the position. In the short term, if the market is low and long, just do it casually. If there is a profit, go out, then step back and enter again.
