Do you remember the drop on December 4th? Let's not count this morning's sharp decline. My current strategy is to lie in ambush for a rebound long order to make some profit, and after the market warms up, I will continue to look bearish and do shorting.
I checked the historical records, and the late night of December 3, 2021, during the last round of the bull market, was exactly that kind of stampede-like fall. Although history does not repeat itself exactly, the rhythm is indeed eerily similar. If you carefully analyze the K-line for each of the 12 months, you will find that there is usually a significant pullback between the 1st and 5th (at the latest dragging to the 7th) of each month. So my experience is—don't act impulsively at the beginning of the month; know when to hold back.
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.
11 Likes
Reward
11
6
Repost
Share
Comment
0/400
NotFinancialAdvice
· 15h ago
At the beginning of the month, the slaughter knife has a real pattern.
View OriginalReply0
GweiWatcher
· 15h ago
The beginning of the month is indeed a slaughterhouse; we share the same thoughts.
View OriginalReply0
BTCWaveRider
· 15h ago
The pig-butchering scams are back at the beginning of the month.
View OriginalReply0
VitaliksTwin
· 15h ago
At the beginning of the month, it really is a trap. After being trapped once, I became smarter.
View OriginalReply0
DegenTherapist
· 15h ago
The beginning of the month is indeed a minefield; I suffered a few hidden losses at this point last year.
View OriginalReply0
WhaleWatcher
· 16h ago
It's really easy to fall into traps at the beginning of the month, I've been played people for suckers a few times too.
Do you remember the drop on December 4th? Let's not count this morning's sharp decline. My current strategy is to lie in ambush for a rebound long order to make some profit, and after the market warms up, I will continue to look bearish and do shorting.
I checked the historical records, and the late night of December 3, 2021, during the last round of the bull market, was exactly that kind of stampede-like fall. Although history does not repeat itself exactly, the rhythm is indeed eerily similar. If you carefully analyze the K-line for each of the 12 months, you will find that there is usually a significant pullback between the 1st and 5th (at the latest dragging to the 7th) of each month. So my experience is—don't act impulsively at the beginning of the month; know when to hold back.