Summary of 10.18 Market

Market sentiment

• In fact, now the market has a feeling of not being able to rise again, it is difficult to feel the rise again, and there is also a feeling of not daring to chase rising prices. I believe that real frens who participate in trading have this feeling.

Bull-Bear Battle

• Currently, some long positions have been converted to short positions, while others continue to be bullish because capturing the previous trend will create a psychological suggestion, suggesting that the bull will break the previous high.

• shorts dropped to 68 from below, causing complete capitulation, dare not to take action

• Some go long

• A very small minority continue to adhere to shorting

Expecting pullback

• The market continues to pump, and a large number of long positions with high leverage need to be liquidated. Will the market experience a pullback before going to the moon again? No one can predict perfectly, but it is undeniable that a pullback is inevitable. Whether to start a pullback at 68 or make another sprint before the pullback is crucial for entry position.

Operation Strategy

• My current trading strategy here is: Build a Position short order in batches, stop loss at the breakthrough of 70,000 level, and then continue to buy back when there is a spread opportunity of 1500-2000 points.

Bull Market Expectations

• Many people talk about the rise in interest rates, and the fact is that the funds that can be placed in banks will not choose the crypto world, this risky trading market. A bull market will need a very large Favourable Information and opportunity to reach 100,000! Let more traditional funds enter the market.