This article is machine translated
Show original

BTC's market outlook and coping strategy for next week Next week, it is highly likely to close with a doji candlestick, first rising and then falling. This year's market is a weekly level oscillation market, similar to last year's market. Last year, it oscillated in the range of 25375u-31500u and then broke out, starting the breakout on October 23. This year, it has been fluctuating back and forth in the range of 54705u-70070u, waiting for the breakthrough of the upper end of the box in October. The market is currently waiting for the interest rate cut announcement on September 19. The interest rate will be announced at 2 pm on the following Thursday. After September 19, the good news will be realized, and there will be a wave of decline, with the correction period expected to last for two weeks. In the short term, it is difficult for the 120-day moving average to be effectively broken through. Before the breakthrough, it is a good choice to sell high and buy low. In the correction, the plan is to open a 5x long position in the medium-term orders, all in isolated margin mode. Long BTC at 57750-55687-53605, position size 2,3,5. Long $ETH at 2347-2257-2184, position size 2,3,5. Long SOL at 132.22-128-123.96, position size 2,3,5. Place step orders of 2000, 3000, and 5000 at $10,000.

From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
4
Add to Favorites
Comments