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After finishing my analysis today, I made two trades!
BTC 62641 went long, and XAU 3996 went long. Yesterday my long position in XAU was stopped out, and today I worked hard to earn it back.
BTC has support here, but overall the trend will be downward. Korea’s rate hike dragged down Korea’s stocks. The bubble in storage, computing power, and chips that surged earlier has started to squeeze out. First storage, then computing power, and finally chips.
With this logic, Japanese and Korean stocks will collapse first, and then US stocks. So here, the long positions can only be short-term longs. BTC may rebound to 636–640, giving everyone the impression that it’s going to break through 655, and then it will turn lower and break below 626, continuing the decline.
$BTC $XAU