In the end, long orders could not escape the fate of liquidation🔥
Powell's hawkish speech caused the market to fall rapidly, among which was the concern about the easing of the expected time of interest rate cuts and the inflation rate of 2%
Bitcoin fell rapidly overnight by 5,000 points, and those who chased longs wailed on the top of the mountain. There was nothing they could do about it. For friends who do contracts, the losses caused were also relatively large, that is, washing, and it was difficult to resist orders, so why it is said that contracts are difficult to do, but you must also bring a stop loss!
At present, the daily line of Bitcoin shows a shrinking volume, and the high point of 93,000 is just a flash in the pan. For the market, there have been simple insights in the previous article. The current stage is a dormant period. Bitcoin frequently inserts pins and runs, which is suitable for short-term operations. Because the price of the currency is increased, the volatility is accelerated, and there is a space of more than 1,000 points. Returning to the intraday, the highest opening price of Bitcoin in the morning is 88,500 area. The upward trend of this position is difficult to continue excessively. During this dormant period, the downward space will still be enlarged, so the short orders above 90,000 can still be held. In the short term, the intraday 88,000-88,500 is used for short-selling, and the position of the 84,000 area is considered.
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