Currently, I took a quick shot on the weekend, and the market plummeted, with over 420,000 people liquidated. My mood is actually very complicated. I also got liquidated. To be honest, I knew it would fall to this level sooner or later, but I didn't expect such a drop. However, it's normal; the importance of going with the trend. It's better to miss a short position than to open a long position, and I didn't do that either. Next, I should calmly observe the market. This also fully demonstrates the necessity of staying calm and setting stop-losses. At least after stopping losses and taking a break, there are still bullets. Many people have already run out of bullets. Currently, the market can only be considered a high-altitude short, following the trend or short-term trades in real-time. I can do a live stream when I return tonight. On smaller timeframes, the resistance at Ethereum 2485-2560 is highly volatile. Control your position size mainly. Currently, there are no daily signals indicating a bottom, as shown in the chart below. Below 2100, breaking 1800 is not far away. Bitcoin is at 74,000; after breaking that, breaking 70,000 is also not far. The current situation is like this. Small-timeframe bottoming signals are useless now. Those trying to catch the bottom should stay calm. Those with too many losses should rest for two days. For now, this is all I can do personally. See you tonight. Let's chat in the live room.
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Currently, I took a quick shot on the weekend, and the market plummeted, with over 420,000 people liquidated. My mood is actually very complicated. I also got liquidated. To be honest, I knew it would fall to this level sooner or later, but I didn't expect such a drop. However, it's normal; the importance of going with the trend. It's better to miss a short position than to open a long position, and I didn't do that either.
Next, I should calmly observe the market. This also fully demonstrates the necessity of staying calm and setting stop-losses. At least after stopping losses and taking a break, there are still bullets. Many people have already run out of bullets.
Currently, the market can only be considered a high-altitude short, following the trend or short-term trades in real-time. I can do a live stream when I return tonight.
On smaller timeframes, the resistance at Ethereum 2485-2560 is highly volatile. Control your position size mainly. Currently, there are no daily signals indicating a bottom, as shown in the chart below. Below 2100, breaking 1800 is not far away.
Bitcoin is at 74,000; after breaking that, breaking 70,000 is also not far.
The current situation is like this. Small-timeframe bottoming signals are useless now. Those trying to catch the bottom should stay calm. Those with too many losses should rest for two days. For now, this is all I can do personally.
See you tonight. Let's chat in the live room.