Rested completely for a day.

CN
Phyrex
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1 month ago

After taking a complete day off, Monday is the Mid-Autumn Festival. I hope everyone can happily spend time with their families. As of now, I'm still holding 20% of my long positions, and I'm a bit conflicted. Logically, I should have exited around $125,000 on Sunday, mainly because I didn't want to gamble on Monday's outcome. However, the market sentiment is still quite good, and it broke new highs early Sunday morning, which makes me a bit hesitant.

To be honest, I'm not very optimistic about the opening of the U.S. stock market on Monday. So I'm also worried about a $BTC pullback. If there hadn't been a new high on Sunday, I probably would have exited directly. The appearance of a new high indicates strong investor sentiment, and I'm uncertain whether the new high, which was caused by poor weekend liquidity, will be affected by FOMO on Monday. Holding until Monday is basically betting on user sentiment.

Or perhaps it's a bet on whether the U.S. stock market and Bitcoin will diverge. As I write this, I think, well, it's just a 20% position; the profits are already secured. This money is unlikely to incur losses, just a bit less profit. I'll hold until Monday or Tuesday to see how it goes. The reason for Tuesday is that the Senate will reconvene early Tuesday morning Beijing time.

There are no URPD data today. New highs are always like this; the overall data will be rearranged. The most important thing for me is to see if there are any URPD gaps. After all, URPD gaps have never gone unfilled. The absence of a gap this time is one of the reasons my interest in selling has decreased. I'll continue to hold and see how it goes.

This article is sponsored by #Bitget | @Bitget_zh

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