Crypto Circle Morning Light 08.08: After Wu Song defeated the tiger, where did Wu Song go?
Viewpoint: After we published a morning report yesterday titled "The Bulls Stage Wu Song Fighting the Tiger," the Bitcoin trend followed the script as if directed, first dipping to the support area around 114400, then the bulls made a strong move to drive away the "blocking tiger" at 115700, reaching a height near 116500 for a pause, with the handling of the day's high and low points being remarkably smooth! Now let's talk about the market evolution predictions that fans are concerned about for today and the weekend. Did everyone notice that early this morning the bears once attempted to pull Bitcoin back to the "blocking tiger" at 115700, but the bulls, like Wu Song, quickly kicked away the "blocking tiger," allowing Bitcoin to soar again. This trend proves that the bulls currently have a clear advantage, indicating potential to challenge larger resistances at 118000 and 119000 in the future.
Operation Strategy: Currently, the bulls have the advantage, and everyone should adhere to the strategy of buying on dips, focusing on the low points near 116800 and 116500, and seeking high sell points in the resistance area of 118000~119000.
Risk Reminder: Continue to pay attention to the dynamics of the US stock market on August 8 and the uncertainties regarding US-Russia military movements. If the price effectively falls below 115700 points, the bulls should consider taking profits and cutting losses.
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REEF fell 60% in a single day a few days ago. After the big drop, there was basically a correction. The market is rising. Now there is another opportunity to get on board
Entry price: 2150±50 Stop loss price: 1500 Take profit price: initially set at 10000
If it is less than 5 times, never close the position. Investment is risky and you bear the risk yourself
Bitcoin is at 68,000 again. Recently, the A-share market has entered a differentiation phase, with uneven ups and downs, while the B-share market has shown its usual resilience, with prices hitting new highs. Due to concerns about the global situation and expectations for the future of assets, the B-share market is undoubtedly still a good place for funds. It is bullish in the long term and in the short term.
You can’t imagine the REEF plunge, it’s heaven for those who go against the trend, hell for those who follow the trend, is the trading execution not good enough, I lost everything
I still like to do this kind of trading. When there is a market, I will go all in. When there is no market, I will take a break. I can make money without affecting my life.
The trends of Dogcoin, Ethereum and Bitcoin are still very similar. The leader is the most valuable. Whoever rises faster and has higher volatility is the leader.
That's it? It means the decline is sufficient, and the long and short positions are not good. At this time, if you see the rise, just follow the trend and go long.
But the result is not so certain, you need a small ship and good courage.
I didn't find the digital currency index. I saw that Bitcoin accounted for more than half of the market share. Wow, with such a large weight, just look at Bitcoin. $BTC
#美联储11月降息预期升温 The US cuts interest rates again, which will further release liquidity Water flows to the lower places, and the 8-point increase in A50 today also reflects this expectation
The A-share market will definitely make up for the increase, and it will temporarily carry this liquidity. In order to maintain its attractiveness to funds, it is not impossible for the Chinese government to continue to increase policy stimulus
The impact of the big pie is temporary. Before the A-share market rises to the right level, the technical correction of the big pie is inevitable. After all, the A-share market is of higher quality and has strong value-added capabilities
A50 is 8 points higher. The A-share market has not opened yet and it dares to rise like this. The expectation after the holiday is just right. The A-share market is in a bull market. The bull horns have come out. Hot money finally has a place to go. This is bad news for the cryptocurrency market, so try not to go long. Going short at highs is a good strategy.
Give me a fulcrum, and I can move the entire cryptocurrency market. This is the principle of leverage. If you don't know how to use leverage, you won't be able to do it. I tried contract trading, and Binance gave me about 12 times leverage. Generally, I use 2 to 3 times for trading. If you encounter a highly certain market or have already generated some profits, you can increase your position and leverage with floating profits.
#大A香还是大饼香 Chinese assets rose across the board, and Hong Kong stocks became popular. The rise of the A-share market naturally caused the withdrawal of funds from the big cake market. Recently, there has been a phased correction, and the market is mainly bearish. Leverage should be appropriately increased based on certainty.
I got my account and it's only 100 yuan. Can I turn over? Can I make 1 million from 100 yuan? Does anyone believe it? I have more than 10 years of futures experience. I am a novice in the cryptocurrency circle. I once made 1 million from 70,000 in half a year. The leverage in the cryptocurrency circle is high. I think it's not a big problem. I'm posting this as proof.