Wensong's Return: Morning Thoughts Sharing on 9.14

CN
1 year ago

People who truly see through this world are those who practice in adversity, reshape and regenerate in difficulty; and the greatest skill of a person is to endure the meaning of life in the witness of time.

After a wave of rebound, the currency price continued to fluctuate at a high level. Yesterday, under the negative impact of CPI data, the market still did not show any effective action. The market fluctuated by one or two hundred points, completely ignoring the fundamental news. Currently, the currency price is still near the 26200 level, which is also a previous pressure test point, indicating that the market still has the expectation of a pullback. Therefore, it is advisable to continue to maintain a bearish mindset in participation!

I have always hoped that the market can show a one-way movement, but whether it is a decline or a rally, there has been no continuation. Breaking through the pressure leads to a fall, and breaking the support leads to a rebound, with no continuity. In the daily trend, it is obvious that the recent market, regardless of long or short positions, is like this. There is a continuous upward trend in the short term, but it has not broken through yesterday's high point, indicating that the rebound is exhausted. Such continuous upward trends also indicate a lack of continuity, and the overall trend structure is currently weak. Therefore, it is advisable to maintain a bearish mindset in participation in this rhythm!

For future operations in Bitcoin, I personally suggest shorting in the rebound area of 26300-26500, with a target around 25800-25500!

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