Contrarian bottom-fishing wins decisively, short sellers completely defeated


Last night, the crypto market suffered successive drops, with ETH falling to 1569, causing an instant loss of 1000U on my account. I gritted my teeth and added 1500U to bottom-fish and hold the position. This morning, the market rebounded to 1608, with a floating profit of 1212U, fully recovering.

BTC dipped from 63220 to a low of 59050, causing massive long liquidations. At the extreme panic at the low, I chose to enter, and it has now rebounded to 60788.

Market logic: Q2 concentrated delivery of hundreds of billions in options, with shorts in control; the US stock chip sector's sharp decline dragged down the Nasdaq, and panic spread to the crypto market.

The market never changes: panic creates opportunities, and laying out positions when cutting losses is far more stable than chasing highs.
Currently, BTC oscillates at 60788, ETH holds firm at 1608, and the long counterattack has begun. If you don't dare to layout at lows, don't wait to add positions at highs. #BTC下探60000美元关键关口 #以太坊基金会重组降本 #Ripple稳定币RLUSD获批登陆日本 $BTC $ETH
BTC-4.46%
ETH-5.75%
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