Weekly Market Analysis of Cryptocurrency (11.21)

Summary:

1. The bubble in the U.S. stock market is starting to burst.

2. A rebound can still be expected next week.

3. Issues regarding macro liquidity.

4. I closed most of my short positions today during the spike and began to add to my long positions.

5. Excessive consumption of sell orders.

6. I still believe the bottom will be in December, but in the short term (at least next week) a rebound is anticipated.

Operations:

1. Holding long position for $SOL , take profit at 124.5

2. Long position for $BTC has been increased at 82500, take profit at 93333

3. Long position for $ETH has been increased at 2680, take profit at 3100

4. Placing a long order for SOL at 124.6, take profit at 143.3

Excluding SOL, my other short positions have collectively made over 120,000 USD in profit. If I close SOL at the current price of 126, my profit from this trend will have exceeded 135,000 USD. Among these, just the Bitcoin single currency has already yielded a profit of 88,000 USD.

However, I also recognize potential misjudgments. For instance, I mentioned in last week's analysis: "94000-97000 will be a phase low. Although I don’t plan to close my long-term short positions, it's reasonable to go long around that range in late November." This statement now appears to be incorrect, as my short-term long positions have only achieved take profit with SOL, while Bitcoin and Ethereum are still held until now. My misjudgment has left my average price after adding positions still high at 89000. I originally thought a rebound would occur this week, but it seems it will need to wait until next week.

Therefore, I suggest everyone try to develop their own trading habits and styles. Everyone actually has their own most suitable trading strategies; for me, I can hold onto positions and am willing to accept wider stop losses, so long positions are the most suitable for me. During the execution of long positions, I will also engage in some hedging trades with small positions when there are significant floating profits. My approach is essentially "always profitable", but such a trading style may not be suitable for the majority, and I am aware of that.

Finally, since my long positions have been closed, and I currently have no plans for intermediate long positions, I will be making some swing trades in the next 2-3 weeks. As for intermediate long positions, I still prefer to set them up in December.