Roller coasters at amusement parks only test your courage, but the roller coaster in the crypto world is a true psychological challenge—that’s a real game of money. Watching your account take a dive, it’s hard to get a good night’s sleep.
It’s been tough holding positions lately. You open a position and get squeezed, get shaken out after a couple of swings; hesitate and don’t enter, and you’re full of regret. Finally get in and hold, then a pullback wipes you out. It feels like fighting monsters in a hell-level dungeon over and over again.
With the Fed’s rate meeting just around the corner, things are tight for Bitcoin. Top analysts in the space are bullish, and some experienced holders are still sticking to their longs. If Bitcoin keeps getting suppressed and shaken out before the meeting, there’s a good chance we’ll see a sudden pump on the day of the meeting. When the US stock market opens, it usually leads Bitcoin’s direction, but most of the time it ends up being a bull-bear trap. Given Bitcoin’s recent price action, it’s likely to keep testing key levels repeatedly.
Today’s strategy BTC: Go long in the 880-890 range; go short in the 920-930 range ETH: Go long in the 3020-3050 range; go short in the 3150-3180 range
Pay close attention to how Fed policy developments affect market momentum.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
5
Repost
Share
Comment
0/400
SatoshiSherpa
· 12-09 18:55
Bottom-fishing ATM
View OriginalReply0
down_only_larry
· 12-09 03:15
Don't know how to set a stop-loss on contracts
View OriginalReply0
BrokenRugs
· 12-09 03:14
The moon is at an inclined angle
View OriginalReply0
GasBankrupter
· 12-09 03:12
Working a regular job is not as bad as losing money trading crypto.
#美联储重启降息步伐 Morning Ramblings
Roller coasters at amusement parks only test your courage, but the roller coaster in the crypto world is a true psychological challenge—that’s a real game of money. Watching your account take a dive, it’s hard to get a good night’s sleep.
It’s been tough holding positions lately. You open a position and get squeezed, get shaken out after a couple of swings; hesitate and don’t enter, and you’re full of regret. Finally get in and hold, then a pullback wipes you out. It feels like fighting monsters in a hell-level dungeon over and over again.
With the Fed’s rate meeting just around the corner, things are tight for Bitcoin. Top analysts in the space are bullish, and some experienced holders are still sticking to their longs. If Bitcoin keeps getting suppressed and shaken out before the meeting, there’s a good chance we’ll see a sudden pump on the day of the meeting. When the US stock market opens, it usually leads Bitcoin’s direction, but most of the time it ends up being a bull-bear trap. Given Bitcoin’s recent price action, it’s likely to keep testing key levels repeatedly.
Today’s strategy
BTC: Go long in the 880-890 range; go short in the 920-930 range
ETH: Go long in the 3020-3050 range; go short in the 3150-3180 range
Pay close attention to how Fed policy developments affect market momentum.