Bitcoin broke below 77,900, Ethereum broke below 2,300 for shorting
But the market is dropping rapidly, then rebounding quickly, clearly a shakeout behavior
Currently, there is a lot of information about the Federal Reserve cutting interest rates. The day before yesterday's rebound was good, last night the US stock market fell, and the crypto market took the opportunity to clean out
The good news is that gold rebounded nicely. Keep observing, and if the momentum can be maintained, we can continue to use our RSI method to trade
Understanding the liquidation map shows that if the market is rising, the whales can harvest more. Those wanting to go long should at least wait until RSI enters the oversold zone
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Yesterday's strategy was a complete success
Bitcoin broke below 77,900, Ethereum broke below 2,300 for shorting
But the market is dropping rapidly, then rebounding quickly, clearly a shakeout behavior
Currently, there is a lot of information about the Federal Reserve cutting interest rates. The day before yesterday's rebound was good, last night the US stock market fell, and the crypto market took the opportunity to clean out
The good news is that gold rebounded nicely. Keep observing, and if the momentum can be maintained, we can continue to use our RSI method to trade
Understanding the liquidation map shows that if the market is rising, the whales can harvest more. Those wanting to go long should at least wait until RSI enters the oversold zone