Wednesday, Preparing for the Fed, Long-term Short Positions Ready to Enter
As the Middle East situation has once again severely disrupted the Federal Reserve's anti-inflation efforts, the Fed's interest rate decision announcement at 2 AM carries even greater significance. The market has lowered the probability of rate cuts to near zero, with futures pricing showing the Fed won't consider cutting rates until September or even October at the earliest, with only one cut expected for the full year.
Tonight is the opportune moment for us to begin arranging long-term short positions. Bitcoin is currently consolidating around the 74000 level, and the upward momentum of bulls has somewhat slowed. It's worth noting that after being under pressure from the previous day's high of 76000, it has failed to recover lost ground. Therefore, we will short all the way down in the subsequent market.
In yesterday's article, I already explained very clearly why we're reversing to short at this time. Chasing highs now is akin to courting disaster—the market sentiment is weak, and geopolitical factors are like landmines ready to explode at any moment. Once large capital outflows occur, it's easy to trigger panic selling. One word: be bold and "short."
Long-term Layout:
Bitcoin: Short in batches with light positions at 75000-76000, reserve positions above 78000 for averaging down, target around 65000
Ethereum: Short in batches with light positions at 2355-2400, reserve positions above 2520 for averaging down, target at 1950
Seven years in the game, witnessed two complete bull-bear cycles, a pioneer in trend analysis, a guide in live trading—those in the know understand!
Wednesday, Preparing for the Fed, Long-term Short Positions Ready to Enter
As the Middle East situation has once again severely disrupted the Federal Reserve's anti-inflation efforts, the Fed's interest rate decision announcement at 2 AM carries even greater significance. The market has lowered the probability of rate cuts to near zero, with futures pricing showing the Fed won't consider cutting rates until September or even October at the earliest, with only one cut expected for the full year.
Tonight is the opportune moment for us to begin arranging long-term short positions. Bitcoin is currently consolidating around the 74000 level, and the upward momentum of bulls has somewhat slowed. It's worth noting that after being under pressure from the previous day's high of 76000, it has failed to recover lost ground. Therefore, we will short all the way down in the subsequent market.
In yesterday's article, I already explained very clearly why we're reversing to short at this time. Chasing highs now is akin to courting disaster—the market sentiment is weak, and geopolitical factors are like landmines ready to explode at any moment. Once large capital outflows occur, it's easy to trigger panic selling. One word: be bold and "short."
Long-term Layout:
Bitcoin: Short in batches with light positions at 75000-76000, reserve positions above 78000 for averaging down, target around 65000
Ethereum: Short in batches with light positions at 2355-2400, reserve positions above 2520 for averaging down, target at 1950
Seven years in the game, witnessed two complete bull-bear cycles, a pioneer in trend analysis, a guide in live trading—those in the know understand!