The Nasdaq is up 1.2% premarket, and a higher open is all but certain. Watch for the possibility of an intraday spike followed by a pullback. If that happens, the crypto market is unlikely to remain decoupled. Be wary of an intraday rally, and consider opening short positions near key resistance levels at the highs
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Everyone online is watching $SNDK tonight: will the storage sector’s oversold rebound continue, or will it rise and then pull back?
Everyone is waiting for the U.S. market to open and to see whether SanDisk can hit 1400. Yesterday’s sharp drop probably wiped out quite a few long-term traders. There probably aren’t many short-term traders, after all, it’s the weekend.
Although it recovered today, many short-term traders are still worried about SanDisk holding around this level. Quite a few are hesitating, but Coin Bro thinks premarket volume has already picked up, shaking out some unhealthy speculative positions.
Tonight’s market can still be viewed with a bullish bias, but whether it can replicate the night of July 30 depends on whether it can hold 1400. If it holds 1400, this recovery could continue; if it touches 1400 but can’t hold, this move is most likely a bull trap.
I’m still personally bullish. After all, many tech companies are reporting earnings this week, and their profits look quite good. It’s likely to break through 1400 tonight, but there are also plenty of bears. Tonight feels like a storm is brewing #拉脱维亚通过加密货币税法