A calm heart can perceive the truth. Finally finished the work arrangement before the Chinese New Year The next 20 or so days, you can sit back and enjoy the show 💰 Before a real bull market starts, the market usually goes through a Whipsaw phase, where market makers aim to wash out the chips of retail investors through repeated oscillations. For example, when the price of Ether rises to 3700, if you do not take profit in time, you may encounter a sharp decline that makes you regret. If the market warms up again and rises to 3700, would you consider selling? If you can resist the urge to sell, then there will be another big drop, down to 3300. Would you feel regretful at this point? If the price rises again to 3700, would you choose to take profit? I guess most retail investors would choose to take profit. Even if retail investors hold on, as the market oscillates again, the chips will eventually be washed out completely. Market makers will use big data analysis and only start the market when the chips of retail investors have been washed out. This is why frequent trading retail investors often lose money, because market makers have a deep insight into human weaknesses. 💎 💎 Tonight at 9:30, the US will announce the December unemployment rate and non-farm data. Among them, the previous value of the December unemployment rate was 4.20%, and the expected value is also 4.20%; the seasonally adjusted non-farm employment population in the US in December was 22.7, with an expected value of 16. If the announced result is higher than expected, it is bearish; if it is lower than expected, it is bullish. If it meets expectations, the impact will not be significant. Currently, many currencies have stopped falling at key points, and there will be a rebound in oversold conditions. Whether the rebound can continue depends on tonight's non-farm data. Be prepared for position management in advance and patiently wait for the evening data release.
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Have a well-thought-out plan for the world
A calm heart can perceive the truth.
Finally finished the work arrangement before the Chinese New Year
The next 20 or so days, you can sit back and enjoy the show 💰
Before a real bull market starts, the market usually goes through a Whipsaw phase, where market makers aim to wash out the chips of retail investors through repeated oscillations. For example, when the price of Ether rises to 3700, if you do not take profit in time, you may encounter a sharp decline that makes you regret. If the market warms up again and rises to 3700, would you consider selling? If you can resist the urge to sell, then there will be another big drop, down to 3300. Would you feel regretful at this point? If the price rises again to 3700, would you choose to take profit? I guess most retail investors would choose to take profit. Even if retail investors hold on, as the market oscillates again, the chips will eventually be washed out completely. Market makers will use big data analysis and only start the market when the chips of retail investors have been washed out. This is why frequent trading retail investors often lose money, because market makers have a deep insight into human weaknesses.
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Tonight at 9:30, the US will announce the December unemployment rate and non-farm data. Among them, the previous value of the December unemployment rate was 4.20%, and the expected value is also 4.20%; the seasonally adjusted non-farm employment population in the US in December was 22.7, with an expected value of 16. If the announced result is higher than expected, it is bearish; if it is lower than expected, it is bullish. If it meets expectations, the impact will not be significant. Currently, many currencies have stopped falling at key points, and there will be a rebound in oversold conditions. Whether the rebound can continue depends on tonight's non-farm data. Be prepared for position management in advance and patiently wait for the evening data release.