The money leopard is coming! The bearish view that the major trend remains unchanged until the end of the year has been bullish for 2 days, counting down for him. Tonight, a long position will be opened again at 2858, and if it breaks through 2900, I'll add to my position. I took half of the position off at 2943 because there is some pressure around 50, and 2830 has also become a small support level. It's better to take profits in batches for counter-trend positions! The remaining half looks to be around 3020-3050! I might close 20% along the way, as the market's uncertainty is quite strong; taking profits in batches is more appropriate, and today I'm looking for opportunities to set up short positions!
Tonight, while brewing tea at the company, a friend asked me about the bear market, and I confirmed the downtrend. Why go long in the middle of it? Personally, I believe that during a strong downtrend, this kind of 'decline - rise - then crash' market is the most reasonable. Once this round of concentrated selling pressure is digested by the market, due to a temporary depletion of selling in the short term, the market can easily experience a 'mechanical' technical rebound. Some bulls bottom-fishing will think that prices are at a short-term low and will enter to buy, pushing prices up. If liquidity is obtained, and the overall bearish sentiment and fundamental issues in the market are not resolved, this rebound will be hard to sustain. Once prices rise to a certain level, new selling pressure will emerge, leading to a further decline in prices.
Now, the prices of mainstream coins are increasingly correlated with global liquidity, especially the monetary policy of the Federal Reserve. When the market expects a tightening of monetary policy, high-risk assets like Bitcoin are often sold off. So now the crypto market is most sensitive to any information, and any uncertainty in the market could lead to a sharp decline! Changes in risk sentiment in traditional financial markets will directly transmit to the cryptocurrency market. #加密市场反弹 $BTC $ETH {future}(ETHUSDT)
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