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After the US stock market opened high and then pulled back, the crypto market came under pressure, and the coin prices showed a clear downward spike. In this wave of market movement, BTC released about 700 points downward, and ETH also weakened accordingly, with a decline of over 30 points. The trading strategy around the US stock market opening was quite good—short positions were established around the 92,000 level for BTC, and ETH was shorted around 3200, both leading to profitable trades on these two leading coins. Friends following this strategy can take profits in time. $ETH's recent volatility has indeed provided many trading opportunities.
It's not always possible to hit the mark perfectly; this is my common flaw.
ETH drops more than 30 points, and everyone gets excited; a rebound can recover the losses in minutes.
If I had known earlier, I wouldn't have been so cautious, really.
In this kind of market, orders either make huge profits or suffer huge losses. I chose to watch from the sidelines...
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Missed the move at 92,000. Seeing you all make money makes me feel jealous.
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It's true that locking in profits is the safest, just worried that greed will cause a loss again.
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ETH 3200 is really the decisive level; next time I need to set my stop here.
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As soon as the US stock market opened, I knew the crypto market was about to get hit; reactions are still this quick.
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Taking profits and closing positions is the smartest move; otherwise, this rebound might get you trapped again.