Last week, under the influence of numerous bullish news such as the Federal Reserve's rate cut, the market did not usher in the anticipated "Santa Claus rally" this week. Instead, it was shrouded in a fog of tension and uncertainty. Bitcoin's price hovered around the psychological level of 88,000, with fierce battles between bulls and bears, and market sentiment was as fragile as walking on thin ice. Behind this chill is not a black swan event within the crypto world, but a perfect storm triggered by the opposite monetary policy paths of the world's two largest economies—the United States and Japan.
Today’s daytime market was as cold as an old bachelor’s bed, trembling from the chill. However, after the US stock market opened in the evening, there was a sudden ten-minute strong rebound, with the highest even reaching 90,300. Many small partners thought the bull market was returning and blindly chased the rally. The result was a quick pullback that trapped many.
At noon, Jincheng provided the strategy: today remains mainly short. During the day, treat the market as oscillating, with light positions for high sell and low buy. Additionally, around 89,300, we caught this "dangerous ten minutes" and suggested entering a direct short! As expected, the market also pulled back to around 86,100 at the lowest point.
Currently, Jincheng still holds short positions. Small partners can reduce their positions and take profits, while maintaining a light position and continuing to watch the 84,000 level! $BTC #市场触底了吗?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Last week, under the influence of numerous bullish news such as the Federal Reserve's rate cut, the market did not usher in the anticipated "Santa Claus rally" this week. Instead, it was shrouded in a fog of tension and uncertainty. Bitcoin's price hovered around the psychological level of 88,000, with fierce battles between bulls and bears, and market sentiment was as fragile as walking on thin ice. Behind this chill is not a black swan event within the crypto world, but a perfect storm triggered by the opposite monetary policy paths of the world's two largest economies—the United States and Japan.
Today’s daytime market was as cold as an old bachelor’s bed, trembling from the chill. However, after the US stock market opened in the evening, there was a sudden ten-minute strong rebound, with the highest even reaching 90,300. Many small partners thought the bull market was returning and blindly chased the rally. The result was a quick pullback that trapped many.
At noon, Jincheng provided the strategy: today remains mainly short. During the day, treat the market as oscillating, with light positions for high sell and low buy. Additionally, around 89,300, we caught this "dangerous ten minutes" and suggested entering a direct short! As expected, the market also pulled back to around 86,100 at the lowest point.
Currently, Jincheng still holds short positions. Small partners can reduce their positions and take profits, while maintaining a light position and continuing to watch the 84,000 level! $BTC #市场触底了吗?