I am Qin Feng
Today's market is a resounding slap in the face for all 'bottom fishers.' Bitcoin dropped from 73500 all the way to 62233, plummeting over 12% in a single day. How many people, in the fantasy of the 'golden pit,' have thrown their principal into the bottomless abyss? Greed and fear are burdens you can never shake off!
Having been in BQ for so long, I have realized the truth multiple times: the bottom of the market is never fished out, it's cut out~
Everyone is shouting 'buy the dip,' but the bottom is still far away. Only when the last bull desperately exits, when the market falls completely silent, and when everyone vows never to touch cryptocurrency again, will the true bottom quietly appear.
Today's market is the best proof.
2.6 Thought Analysis
Liquidity discount: the market depth is as thin as a piece of paper, and a few hundred large orders can trigger a chain liquidation.
Data doesn't lie: the open interest (OI) has increased unusually, both long and short sides are accumulating energy in a narrow range.
The truth against human nature: what you see as 'support level' is actually the 'stop-loss level' set by the main force; the 'bounce' you expect is a 'trap' to lure you in.
🎯 Today's life-saving strategy
If you don't want to see a liquidation text, listen carefully to the following iron rule:
No pain, no gain; sideways fluctuations, resolutely do not open positions.
This position is neither up nor down, too far from the psychological barrier of 70,000 and also far from the support below.
🟢 Lower limit defense: 60500 - 61500
Logic: If it breaks below 62233, it will trigger panic stop-losses. We will wait at the 60,000 mark to take in bloodied chips.
🔴 Upper limit sniper: 66200 - 67000
Logic: Any rebound is a trap to attract long positions; the main force will continue to sell off using the retail investors' bottom-fishing psychology, making a profit without loss here.
Trading is a marathon; gains and losses are temporary, do not lose your original intention!
As a friend, listen carefully; today's choice: place these two limit orders well, don't think too much, close the computer and go have a good meal with family.
Brothers, stabilize your profits, let's make big money together in the trend!
👇 Tell me in the comments: Are you going to be flat during the festival, or are you going to hold on stubbornly?😉
