This round of market trends is a bit extreme. After the rise, the direction of the movement is not quite right.



I actually increased the position Long at a high level, with high expectations, but the longer I waited, the more uneasy it felt. When I sensed that something was wrong, I pulled out at a high point, which is normal to have a pullback at the beginning of the market, but the imbalance in your buy and sell orders is evident. On the one hand, it always feels like there's selling pressure that never ends for BTC, with continuous downward pressure and weak Rebound. The buying pressure also feels extremely weak, and altcoins show no signs of continued strength, indicating that the sentiment is not great. It seems like the Market Maker is not interested in Market Stabilization at all, with no intention of stabilizing. After following the long position for an hour, I realized there was no strength and decided to play people for suckers. I'm not interested in continuing this trade, I spent the whole night playing games.

It seems that the only way to deal with the recent market is to go short if you don't watch it carefully, and rug pull if the situation is not right. Based on my recent observation, there is no sustainability. Just when you think it's okay, it pumps again in no time.

Given the current strength, it's normal to fall below 50,000 points. In addition, the intensity of both long and short has actually weakened by one level, which will lead to a fight. Near-term opportunities are not important. I really look forward to a big market movement. It's really annoying.

In addition, I saw CEL rise, but it also rose a lot at that time. I estimate that it won't go far under the current environment without prompting.
BTC0.65%
CEL1.09%
View Original
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.
  • Reward
  • 4
  • Share
Comment
0/400
TheOldChineseMedicinevip
· 2024-07-08 16:08
CEL only needs to rise to short
View OriginalReply0
Handsomevip
· 2024-07-08 15:27
The real bottom must have been horizontal for a while, right? Those who pump up immediately are fake pumps
View OriginalReply0
View More
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)