In the morning, regarding the short position below 67000 explained in the previous session, it is also possible to gradually exit or set a breakeven stop while aiming for profit. Pay attention to the operation method.
The high position short given yesterday, today the big pie still has no point, the extreme stop loss is around 67000, try to short as close to this position as possible, and set the position based on the loss. The market risk is very high, it is better to refrain from operation conservatively than to use leverage. Currently, there are still no signs of stabilization in the market, let's see if any signals come out in the evening!
The current market is still not stable, and it still needs time and process at the bottom; it doesn’t seem like it will stabilize so quickly. Each rebound is relatively weak, and entering long positions is just fuel. Everyone must control their positions for short positions, and also set stop losses for their positions. Try to operate with Bitcoin. Ethereum currently doesn’t have a significant stop loss; I won’t provide specific levels, as I need to observe for a while. Specific situations will be given accordingly!
The current market still hasn't stabilized; it still needs time and process below. The bottom doesn't seem to stabilize this quickly. Each wave of rebound is relatively weak, and entering long positions is just fuel. Everyone must control their positions on short trades, and definitely must set a stop-loss for their positions. Try to operate with Bitcoin, as Ethereum currently doesn't have a large stop-loss; I won't provide specific levels.
There will be no broadcast tonight due to personal matters. I personally suggest to minimize trading and observe more. Try to stabilize your hands, and if you really can't stabilize, just lower your position a bit.
We must respect the market. Many big players who have been in the market for over 5 years have been buried in this wave of market fluctuations. Large funds should definitely not enter contracts; it is really very unsafe! In fact, in the financial market, as long as our risk control is not good enough, the unexpected will eventually come, whether this year, next year, or later, or even 10 years from now! Therefore, a strong theoretical foundation + strict risk control is the most crucial.
Today I want to talk about this here. Friends who have a similar mindset to mine must pay attention to my entry into the fan group. You can directly enter the fan group through the pinned post on the square homepage. The market is very volatile. More often than not, the morning session is a judgment of the daytime market trends. If the daytime market does not meet expectations, we need to look at the U.S. stock market trends after it opens in the evening. Recently, the market has been greatly affected by macro factors. Many times, technically we can only take it step by step. Absolutely do not. Do not just listen to one statement and operate for an entire day or even a week. We should view the market objectively. This market is definitely not something that a small analyst can decide. We are all trying to survive in a tight space. We are just observing the market signals. Many times, there are no signals in the market, or the timing of the signals is uncertain. Recently, everyone should have felt this strongly. Any attempt to predict market trends can potentially be problematic. The first 10 preparations do not guarantee that the next one will be accurate. We must view things objectively.
The current Ether market also shows some signs of a short-term bottom gradually emerging, but it won't stabilize so quickly. It takes time for the short-term market to stabilize. It really takes courage to hold long positions. Personally, I suggest doing less and observing more, trying to keep steady. If you really can't hold on, just lower your position a bit.
The current market situation does not show a clear bottom or stabilization signals. We can only say that some signals have appeared, so long positions really rely on guessing and courage. Yesterday, in the analysis provided at the square, there was a short position around 78500, some followed it, some did not, and some exited early. Currently, this market is hard to grasp. What I can see is that from a long-term perspective, this is not the bottom for Bitcoin. From a short-term perspective, there are signs of gradual support. Personally, I suggest to take less action, as it is easy to wipe out profits! With the New Year approaching, it is better to observe more and act less.
The high-position short order given in the morning can be exited now for both Bitcoin and Ethereum! Today's market is a bit strong, let's make a small trade.
From a long-term perspective, Bitcoin should stabilize above 74500 in the short term. Confirming the turning point today will make it more certain. This afternoon, short Bitcoin near 78600, with a stop loss at 79500 and a take profit near 76500! In the evening, try to go long on Ethereum, or we can discuss based on the live broadcast later.
From the perspective of the market's downward trend, the decline has basically stabilized in the short term. However, there should still be a slight pullback during the day, with a target below of 2230. In the evening, we will observe if this position holds, and then we can enter long, with a stop loss at 2195. Moving forward, we need to engage in some range-bound trading! The rest will depend on the macro situation, which we will assess step by step.
Teacher Money once again accurately predicted the trend of the market
During the live broadcast, it was clearly pointed out that the decline method: continuous decline, not the sudden black swan type. Ethereum price point: around 2150-2200 This wave of Ethereum had too large a stop loss, so we chose Bitcoin, which also reached 7000 points before exiting.
Based on years of practical experience and keen market perception, the teacher reminded everyone in the live broadcast and various groups to make emergency plans. Therefore, how the market moves and where it goes has never relied on intuition or hearsay, but on a strong theoretical foundation and years of practical experience; pure theory is not enough, and having only practical experience without theory is also insufficient!
Short position exit in the short term, the 4-hour close should stabilize, but it is not enough to support a signal to enter a long position. I'm taking a break and will assess the situation tomorrow.
Currently, there are only 2 things to do: The first thing: Do not exit short positions without clear signs of stabilization, because I truly do not know where the bottom is, and there are currently no technical indicators to see it. The second thing: Do not guess the bottom; absolutely do not enter long positions recklessly. This market will not stabilize before you absolutely do not enter long positions. I am not sure whether the market will continue to plummet or how low it can go. Also, do not tell me where the support level is! At this point, support levels do not count; the macroeconomic situation is too poor! And do not think that if the market stays at a certain support level, you have made the right judgment. To be honest, this is all coincidence. Although I have reference points, whether it can reach or hold is something I cannot guarantee! Smart people can understand what I am saying. The more one understands this market, the more they will respect it. The more brave people are, the less they know. This market can only save us through learning! I entered a short position at 84300, adding to it multiple times; it's not very convenient to disclose here, but I'll have my assistant share it later.
My support group starts operating today. In the morning, I shorted Bitcoin at 84300 and currently have a profit of 6000 points! Everyone is welcome to join. In the early stage, there are few people, so I will provide one-on-one guidance and set plans based on individual circumstances! As more people join, there will be no more one-on-one slots available. Friends are welcome to join. Scan the code in the first pinned post in the plaza to enter the fan group. In the fan group, reply with 'support person' to connect with the assistant.