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8.14 Thursday Bitcoin Ethereum new ideas
Under the stimulation of market news in the evening, there was a rapid downward spike in the market. Our previously placed Bitcoin long position entered at 120700 and exited with a stop loss at 119900, ultimately regrettably stopping out at 800 points. Even experienced analysts cannot guarantee that every judgment is accurate; misjudgment in direction is quite normal. However, the most critical aspect of trading is to implement timely stop losses, which allows us to effectively control risk exposure. We decisively executed the stop loss strategy in the evening, successfully avoiding further losses.
From the current market situation, the market trend is still unclear, and it is recommended to maintain a wait-and-see attitude for the time being. In particular, pay attention to the market reaction after the opening of the US stock market, and make decisions once the trend becomes clearer. The market is never short of opportunities; instead of rashly entering the market when the situation is chaotic, it is better to patiently wait for clearer trading opportunities. It is better to miss out than to make a mistake, and first judge the changes in bullish and bearish trends based on the direction.
Bitcoin: Buy around 118000-117500, short-term target 120000
Ethereum: Buy around 4450 Short-term target 46000 #Gate 8月储备金报告出炉# #BTC再创新高#