12.10 Market Analysis
I woke up to find a drop. In the first image, I notified to close the long position at 1.12 last night, leaving only the bottom warehouse pattern. In the second image, the selling price at that time was around 3390 for Ethereum, which was almost the highest point, then in the third image, Bitcoin entered a short position. Someone in the group entered a short position on Ethereum, but I didn't dare to enter because Ethereum is too strong.
Actually, the short position was purely luck because it was a left-side short, which is easily worn down continuously. The reason for taking profit and entering a short position at this level is because of two 15-minute K-lines, and also because the long position has already gained 300 points. Taking out a 30-point stop loss is nothing to fear; this is the logic for opening a short position. Bitcoin's short position gained 2000 points, while Ethereum gained at most 100 points. Although it was profitable, I still do not recommend doing this kind of left-side short, or at least do it with a light position!
So how do we view the current market? Let's wait for consolidation. After the limit-up, there will be consolidation. Tonight at dawn, there will be a monetary policy meeting, looking for the next high point to enter a short position!
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