Martin: Perfectly closed the short position yesterday. Analysis and strategy for the market on August 16th.

CN
1 year ago

Sometimes, life is a compromise, tolerance, and accommodation. Not everything is suitable for confrontation and forcefulness. Colorful life includes both sunny days and heavy rain. There are benefits to being firm, as well as advantages to being tolerant. It is always necessary to assess the situation and act accordingly. Persist in your choices and believe in what you persist in, as that is the correct path for you. It is not important how others see you; what matters is that you should be yourself and do what you believe is right.

Yesterday's short position closed

In terms of technical structure, the main trend structure still prevails during the day. If the rebound is limited, then look for a high short position on the pullback. At the low, stop the decline, and look for a short-term rebound. Pay attention to the conversion between long and short positions, as the continuation of the recent market is relatively limited. Therefore, in the short term, focus on the conversion between long and short positions. Intraday, first pay attention to the situation of the short-term rebound stopping at the high level, and then focus on the rebound opportunity after the stop of the decline. Consider both aspects.

In general, in the short term, look for a pullback when encountering resistance at the high level, and in the future market, seize the opportunity for a short-term rebound when encountering resistance at the low level. Maintain participation in high selling and low buying!

BTC strategy recommendation

Long at 29120-28950

【The strategy is for reference only. You can gradually take profits and exit according to your own position, and flexibly take profits】

Not flamboyant, not dragging, not grandiose, only positions! Welcome to scan the QR code to follow the official account "Martin Daily Strategy"

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