予与vkx

予与vkx

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This once again proves that opportunities are everywhere in the crypto. My phone alarm went off at 00:13. I opened the app and saw my pending ETH short order had been filled; the candlestick chart showed a sharp up-and-down spike. My first reaction was to quickly place an order, close the position for profit, and repeat this process until the last order hit profit at 00:17, after which the price returned to normal. I made a quick profit on A8 in 4 minutes. Looking at the candlestick chart, the window lasted from 5 minutes to 17 minutes, a full 12 minutes. Whether you can seize the opportunity depends entirely on your courage. BTC plummeted from 90,000 to 60,000, then rebounded 20% amidst extreme panic. This was largely due to premature buy the dips leading to profit retracement. The saying "XX died trying to buy the dips" is certainly true. Since I've shared this, I'll also discuss the subsequent market trend. This is just my personal opinion and for reference only. BTC has experienced its first five-month losing streak, and it's unlikely to recover this month. Will it see a positive close next month? In the short term, 60,000 is the bottom, with 7.2-7.4 being the previous top range and a strong resistance level. If there's a second test of around 65,000, I'll consider buy the dips with leverage, trading within this range. That's all.

I came across Ray's interview today, and as I mentioned before, I watch every episode of his interviews with traders. I think the value of these interviews lies in allowing you to learn from the experiences of successful traders, study, review, and reflect on what you can apply to your own trades, thereby improving yourself. Instead of seeing new content and immediately feeling it's creating anxiety and encouraging All In gambling, the key is understanding that all products on an exchange are merely tools. The crucial point is how you use them correctly. You have your own head and hands; no one can force you to do what you want. The choice is always yours. If you lack even this basic judgment and self-control, then trading is really not the right path for you.

BTC has rebounded 10% from its bottom, but the momentum is still weak. Liquidity is exhausted, and market confidence is severely lacking. The best-case scenario right now is for it to consolidate sideways around this level, but that seems unlikely in the short term. We'll see if it can hold at 85,000. I'll hedge all my long positions at 88,000. Position management is still the most crucial aspect of trading. I managed to control the pullback this time fairly well. Everyone should still refrain from trading, reduce activity, and get more rest. I've been hiking for two consecutive days, covering over 20 kilometers and climbing more than 1,000 meters. My legs feel like they don't belong to me anymore. I need to work on my lower body and physical fitness when I get back. I plan to hike within Guangdong Province first, then go outside the province. The sun in the province is so strong it's giving me a headache; I'll probably have to wrap myself up like a dumpling once I leave.

Trading rhythm is disrupted. After closing positions, attempts to buy the buy the dips often result in buying at the halfway point of a decline, only contributing to transaction fees. In this difficult phase, it's best to avoid mainstream altcoins and stick to BTC, as it's relatively safer. If you believe the market will continue its downward spiral, then unless there's a major negative event, the overnight dip might be the short-term bottom. A couple of days ago, I went to the mall with KK (@Btc_kking) and bought four Arc'teryx items for 15,000 RMB. When I got back, I saw that my BTC position was down 1.5 million RMB. If I hadn't been gambling on futures contracts, how would I have ever spent that money? Trading is more of a habit now; I enjoy the feeling of making judgments and continuously engaging in the market. But when there's market movement, I still can't help but want to keep an eye on the screen and place orders.

I started building my position at 98,000, but I've been busy with other things these past few days, so I only opened up a position of 1x+. Until yesterday, when it dropped to a low of 89,000, the loss on my position was only 9%. As I mentioned before, once it reaches the 80s, I will definitely use leverage. In addition, ETH performed very strongly during the decline, so I long on 35M at an average price of 3030+ and added to my BTC position at 90,000. In the end, the average price was 93,000+, and the position turned from loss to profit in the early morning rebound. By controlling the position size of the trading account, the profits returned to the level before the decline, which meant that the account avoided this wave of decline. The market trend has shifted, but subjectively, I haven't changed (I don't think it can fall this much). Moreover, the continuous decline has already brought it back 29% from its high; how much further can it fall? There's been a bit of excessive panic, and the market needs time to recover. The key is the strength of the rebound after this consolidation, but the upside and downside potential is limited. It'll likely oscillate within a range of 9-9.5; shorting at this level is definitely not an short.

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