Currently, there is huge pressure around 88, and all pressure above 88 is decreasing. The price also touched 88 and fell back. However, there is significant support at 85. So the current price will be stuck between 85 and 88 in the long term, and a direction will be chosen. Once either side is broken, it will trigger a one-sided market. Breaking 85 will lead to 80, and breaking 88, from the columns, will directly rush to 100,000.
However, our trading framework needs to be strictly enforced. DCA continues to strictly execute short positions, while long positions can be hedged. If it falls back, long positions are risk-free. If it goes up, all long positions at the Fibonacci stop-loss level should take profits, or half of the long position can be closed again at the Fibonacci stop-loss level, and continue to hold. The reason is that from the gamma wall perspective, hitting the short stop-loss has already been 90X, and there is not much selling pressure from market makers above.
Today is Japan's interest rate hike, so the market is very unstable and chaotic, which tests everyone's trading psychology. The more it is like this, the less we can act rashly, and we must strictly follow the framework. Our framework design considers multiple possibilities.
Whale Club: Building a robust cryptocurrency trading system for large capital users
