Bitcoin fluctuates within a narrow range, the market has stagnated, and the market maker is brewing a big market?
After Bitcoin fell sharply, the market began to stagnate, the trading volume dropped sharply, and the mood of long and short wait-and-see was strong. From the trend point of view, the price is still above the rising trend line and has not broken the position, but the wedge has also come to the end, and it is imperative to choose the direction.
It is estimated that there will be another big Yang line and a big Yin line at that time. The longer the shock, the greater the power to choose the direction. Therefore, as a trader, the first thing to do is to control the risk. I would rather earn less than guess the direction at this time. Of course, if you're here to gamble, you can flip a coin and make a decision.
Of course, trading is risk-return, and the only way to increase your return is to set a stop loss.
This kind of risk and return is very important when choosing the direction at this time. If you are short, choose a suitable position to do it, then set a stop loss at a high level, and do it with confidence; and if you are long, you can still do so; If you are heavy, do a hedging; or if you are bullish, but you are not sure, it is also feasible to do an option.
In short, there are various ways to make money in trading, but it is definitely not a gamble that many people think. People with this mentality, the consequences can be imagined. Recently, a lot of investors have come to me and asked me directly whether to go long or short. I think people with this kind of binary thinking can make money, and I think it is demeaning to real traders.
Closer to home, back to the market. From the perspective of volume and energy, it will return to the state of land volume again. This is the same as the change of market I talked about the day before yesterday. When the trading volume returns to this volume, the change of market is very close. In terms of coordination, it is in line with the current situation. Look, there is a high possibility that the price will continue to pull back.
As for whether there will be a lure before the callback, and the empty orders will be blown up first, this depends on the play of the dealer. If it is pulled up to 9,500 and 9,800 US dollars, it is an important pressure level. If it goes down, it is a normal trend to return to the range of 8600-9000 US dollars.
Bitcoin is still far away from breaking the position. Even if it goes down, as long as it does not break the position, the possibility of continuing to pull up after subsequent adjustments is very high. Therefore, there is no need to be too pessimistic.
Judging from the hourly line, Bitcoin has been playing for a day at 9,300-9,500 US dollars, and it is estimated that it should be a jump. If short-term operations are feasible, contracts are also available. From a mid- to long-term perspective, the direction is still unclear, and we still operate according to the box and follow the rhythm. See where the end of the triangle goes, or make a short-term breakthrough. The profit margin is not big, the key is to exercise the skills of making orders, and the short-term is more exercise.
The ETH daily line basically forms a "dead angle", which is basically the general direction. The position of the callback is around 215. Of course, returning to the previous range is also a normal trend. If it is going up, it is still suppressed around 260, so the key is to see whether the upward trend line will be broken, and if it breaks, there will be a "waterfall", which can hold and continue to oscillate within the triangle.
On the whole, the market rebound is weak, the trading volume is shrinking, and the follow-up risks are not small. The top priority is to keep profits and reduce risks. Even if it really rises in the future, it will not be too late to catch up. Of course, for medium and long-term traders, it is good to hold it with peace of mind, and it is still far from breaking the position. Don't make the short-term into the long-term, and the long-term into the wave band. In the end, you don't make any money. That is the greatest tragedy.
Resolutely trade according to your own trading strategy and don't be influenced by anyone. Some trading methods have been honed for many years, and they are all exchanged for "real money". Don't "follow cats and draw tigers" until you lose everything in the end.
