At this short-term position, if the U.S. stock market can support for more than half a month, BTC stabilizing is likely to welcome a significant rebound after a complete round of decline, while also preparing the conditions for the future U.S. stock market circuit breaker and crypto world plummet.
In simple terms: In order to have a quick plummet liquidation, first pull up the bullish market continuously for about half a month. On one hand, it blows up the shorts; on the other hand, it accumulates long positions fuel. So at this position, I won't blindly short anymore, and I might even try to go long. If the market validates my thinking in the next three days, I will be bullish for the next half month. However, there will be another round of 312 market at the end of December and early January.
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At this short-term position, if the U.S. stock market can support for more than half a month, BTC stabilizing is likely to welcome a significant rebound after a complete round of decline, while also preparing the conditions for the future U.S. stock market circuit breaker and crypto world plummet.
In simple terms: In order to have a quick plummet liquidation, first pull up the bullish market continuously for about half a month.
On one hand, it blows up the shorts; on the other hand, it accumulates long positions fuel.
So at this position, I won't blindly short anymore, and I might even try to go long. If the market validates my thinking in the next three days, I will be bullish for the next half month. However, there will be another round of 312 market at the end of December and early January.