Isn't there a lot of talk about interest rate cuts? Why has it scared everyone away? I heard that old Powell will be speaking this week, and it has scared everyone off. Big funds are afraid, let alone us.
Recently, I've been shorting. To be honest, it's been hard to trade these past few days; the market has been moving sideways without much fluctuation, and I've noticed a lot of baiting. The reason I didn't get caught is that the resistance is significant; once it goes up, it drops back down. I feel something is off, even though there are rumors circulating that Ethereum will reach 3200. However, looking at the daily chart, it is already under immense pressure at a high level. Before the spike last night, I entered my position early! I added to my position at a high level. Today ended smoothly!
Old Powell's speech this Tuesday; let's see if he will reveal any bearish or bullish news regarding the interest rate cut this month. I am positioning for a short. My ongoing view is a sustained downtrend, aiming for the 1887 level! As for Bitcoin, the target is around 60,000. This wave of correction, let's see if it can reach 2920; if it does, I will enter a short position!
Recently, I've opened a managed position, currently in profit; thanks to the big brother for the trust, I followed in with 50,000 U. Aiming to double my capital by the end of the year, now positioning for a long-term short! If there are brothers who like to trade short-term or medium to long-term, feel free to join in. Follow the trades to get rich! $ETH
