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Hello, brothers! Long, long time no see! A lot of brothers have been leaving me messages in the comments and I haven’t replied. Today I’ll briefly catch up with everyone and talk about the market!
Right now, the big pie and the second pie on the 2–3-day lines are in a bottoming scenario. Trying to go to around 90,000 is a pipe dream. But from 69,000 to 73,000, there is still very strong hope. So overall, the market still looks bullish—however, this process may be very grinding. There will be constant up-and-down oscillations, throwing you out, and even causing both long and short positions to get wiped out.
In the end, a few big “sun lines” (strong bullish candles) directly push the price into the 68,000–73,000 range, making more people mistakenly think the bull market is starting or that it’s a reversal signal that the bear market has already bottomed. Then, using a few lines at the daily and weekly levels, it goes back down to around new lows, rebounds again, and then heads back to new lows once more.
So everyone needs to get the timing right. Do not chase the price higher. If you miss it, then wait until this round of the pump ends before setting up short positions, or use low leverage to set up long positions—so you don’t get thrown off the train!
At the same time, I hope everyone remembers: this is a rebound, not a reversal. Keep your “ammunition”—the market never lacks opportunities! #GUSD年化升至3.8%