Dear traders, are you still struggling with how to trade Bitcoin? Buy or sell? See Jack's thoughts.
The news about the inclusion of cryptocurrencies in strategic reserve currencies is about to hit the cryptocurrency market. Relevant news will be released on Saturday. On this basis, there are two results.
Point 1. The market digests the heat in advance, causing the leading cryptocurrency BTCUSD to rise directly
The second situation is that cryptocurrencies rise sharply after the news comes out over the weekend, and rise directly.
If based on the first situation, I think it will explode in the market before and after the New York market,
If based on the second situation. Then there will be a huge rise after the opening of the market over the weekend or after the news is released, similar to last weekend.
So Jack has two ideas in executing transactions:
1. Combined with the short-term top structure on the technical side, it is currently sold based on the double shoulder top near 91,000, waiting for the market to test the support of 88,000 again.
2. After the market opens, continue to buy through the influence of the news, waiting for the news to ferment, and the cryptocurrency to rise sharply after the market heats up.
The above two are views on short-term trading of cryptocurrencies.
The final trading plan should be executed in combination with the real reaction of the market, and remember to set TP/SL when trading. Don't forget to do risk control at any time. Trading is not a one-time thing. It is a long-term thing. I am Jack. Traders who like my views remember to like me. Welcome to leave your ideas. I will discuss with you.