Bitcoin Contract Review After the Early Morning Spike

Yesterday, I mentioned that it should be the last trade of the weekend or maybe do one more. In the end, I placed an order at $117,711 just before going to sleep. Suddenly, there was a spike in the early morning, but unfortunately, I was asleep at that time; otherwise, I would have definitely taken the opportunity. When I woke up in the morning, the situation wasn't great, and I missed the chance at $118,500. If I had slept for just one more hour, it would have reached $119,500. Such is fate.

After completing this trade, the weekend's small fluctuation trades came to an end. Over the weekend, I made seven trades, all within the range of $177,500 to $118,500, without using a grid to cultivate my trading sensitivity. The total profit from the seven trades was 50%, which is quite good, and I've covered today's meal expenses.

I reviewed the early morning spike and didn't see any systemic risks. The most significant event was a cyberattack on the U.S. government, which coincided in timing, but I don't know if there's a connection. However, this is not a systemic risk and hasn't changed the current pattern of $BTC, so its impact on the price is minimal.

This is also why I'm willing to engage in short-term trades because no negative information was released over the weekend. Investors were just maintaining weak turnover, and the price changes were merely due to a lack of liquidity. Of course, Monday will be different, as it will also need to align with the pre-market changes in U.S. stocks.

Starting Monday, I do not rule out the possibility of increased volatility. Therefore, if I continue to trade, I might lower my order points a bit. Although I might miss some opportunities, it will be safer.

This article is sponsored by #Bitget ｜ @Bitget_zh

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。