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On Friday, close all long positions and patiently wait for the wind to come.
Due to the US stock market being closed, the market liquidity has been limited over the past two days. I announce that I have completely cleared my short-term long positions. Since there wasn't much profit, it’s not worth mentioning. Moving forward, I will treat the weekend as a range-bound approach instead of being fixated on an upward trend.
The current high point of this rebound is temporarily in the 92000 area, which coincides with my first expected point. Now, reaching the second expected high point of 95000 still seems difficult. If we can't go up next week, I will reconsider and start planning a short position.
The current market has fully priced in the expectation of the Federal Reserve's interest rate cut, but the sentiment is somewhat lacking. Everyone is waiting for the U.S. stock market to open. This wave of buying has already digested the good news in advance, and there is no continuous inflow of funds. Furthermore, online data shows frequent sell-offs. Considering all of this, it is necessary to change our mindset in advance.
In the past two days, refer to the range to operate, with Bitcoin trading between 92000-90000 for high selling and low buying, and Ethereum following the same strategy of 3070-2965 to capture both ends. Reverse when there is a price spike with volume, and timing is key. #十二月降息预测