Interpretation of cryptocurrency market on SEP 7, 2022
The market saw a lot of volatility yesterday. BTC has fallen below 19,000, just over $1,000 short of a new low.
The verdict on the aftermarket remains the same. The bear market is still in place but has reached its final stage. If new lows are set, those fixing to invest can consider increasing their funds appropriately. Those waiting for a bottom can also purchase the first positions. If you intend to spend 50% of the funds buying spot and 50% of the funds to trade, it is reasonable to put in about 1/4 of the total funds.
The short positions continue to be held. If the rally yesterday stopped the short position, continue to hold the medium-term bottom position. If you have a new position at a high level, you can continue to do short-term swings. September is a difficult month to operate to reduce profit expectations. The main task will slowly shift to the bottom to do more, as well as the layout of the spot.
The verdict on the aftermarket remains the same. The bear market is still in place but has reached its final stage. If new lows are set, those fixing to invest can consider increasing their funds appropriately. Those waiting for a bottom can also purchase the first positions. If you intend to spend 50% of the funds buying spot and 50% of the funds to trade, it is reasonable to put in about 1/4 of the total funds.
The short positions continue to be held. If the rally yesterday stopped the short position, continue to hold the medium-term bottom position. If you have a new position at a high level, you can continue to do short-term swings. September is a difficult month to operate to reduce profit expectations. The main task will slowly shift to the bottom to do more, as well as the layout of the spot.