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CPI data incoming, Middle East conflict escalation, Federal Reserve Chair Powell under criminal investigation⚠️Will the Fed cut interest rates, and can BTC break out of the bear market📉?
Tonight at 9:30, CPI data will be released, and BTC is currently consolidating within a range.
Currently, the open long position on BTC at 89,500 is floating with a profit of 3,000 points.
The open long position on ETH at 3,056 is floating with a profit of 80 points.
I can only say that any trading, if you don't want to be a gambling dog, planning and preparing your trades in advance is very crucial. It's not about betting on rises or falls before the market moves, nor about holding short-term anti-positioning for thousands of points.
The true charm of a trader is to have contingency measures in place before the market moves. No one can always predict the market's ups and downs correctly.
But there are always ways to respond to the current market.
All floating profits on longs, stop-losses can now be moved to the cost level. Every long position, whether BTC or ETH, was opened at the lowest point, right on the needle's tip, all support levels.
⚠️If the market falls and hits the break-even point, it just means breaking through the support level, then immediately close the long and open a short position for profit.
If the CPI data causes the market📈 to rise, then both long positions are floating with profits.
🤷♂️As the saying goes, learn from Master Yongzhuan and quote a classic saying:
At any time, if you think a few steps ahead, you can sit steadily and fish.