Good morning, brothers, this torturous market has left the long positions bewildered yesterday! 2.8 billion CNY was wiped out, and 128,350 people went bankrupt and dropped to zero!

It's a terrible situation, but it also tells us that if we want the landlord's family to have a surplus, we must learn to hide ourselves instead of revealing all our cards at once!
Specifically in terms of operation, we must strictly control our positions. For example, in the case of market fluctuations, a 3% position should be our line of strict defense that cannot be easily broken. The position for increasing holdings can also be reduced for trading, and it's not about holding the position unchanged after adding!
When positions are controllable, the ability to withstand risks will be the strongest. Once trapped in a vicious cycle of margin calls, the liquidation price will unknowingly be very close, and due to significant losses, there will be an even greater unwillingness to cut losses, leading to an increasing dominance of the hope psychology in holding onto positions!
Weekend BTC focus
Support 82033/80751/79164
Pressure temporarily set at 85141/87467
Finally defeated at 87467,急跌3000刀!
ETH Attention
Support 1874/1828/1753
Pressure is tentatively set at 1949.5/2002
The key point is currently 1912, and it is attempting to break upward to find resistance! The breakthrough of the resistance needs to be observed, and even if it breaks upward, the space won't be too large!
Liquidity began to decrease over the weekend, and the downward trend has temporarily stopped, entering a narrow range of fluctuations with reduced space. One has to calculate the space for transaction fees, for example, BTC requires at least $120-160 in fees, which means considering the rebates, one would need at least $130-150 in space to cover the fees!
So the minimum profit-taking standard for BTC is probably this: if it's three to four hundred dollars, that's a profit of one to two hundred dollars; if it's seven to eight hundred dollars, that's a profit of five to six hundred dollars!
The weekend saw narrow fluctuations, pausing the fantasy of profit margins exceeding a thousand dollars; seeking stability is the key point of the current market!
#GT