After experiencing a significant drop last week, the short-selling momentum has been somewhat released, but the market's pessimistic sentiment has also been cultivated. Generally, everyone believes there are still lower points ahead, and many even see Bitcoin falling below 70,000+. In this situation, the likelihood of maintaining a weak oscillation over the weekend is higher, with the fluctuation range between 82,000 and 85,000, and the closer to next week, the weaker the market becomes. Under these circumstances, altcoins may show some performance.
📊My trading plan:
As the saying goes, "Offense is the best defense." This weekend, I still choose to take proactive actions. Given that Bitcoin is relatively weak, I look for hot altcoins to trade, and at the same time, I plan to add to my Bitcoin short positions around the top of the oscillation range at approximately 84,000.
The tokens I focus on and trade:
1. BTC and ETH: I currently hold short positions on Bitcoin. For both Bitcoin and Ethereum, I am closely monitoring the rebound strength during the weekend to find suitable entry points to add to my shorts and earn greater profits.
2. XAG: Considering that silver experienced the largest-ever 36% drop last Friday, I am closely watching for a rebound next week. As a perpetual contract for silver, XAG is my first choice for bottom fishing.
3. RIVER: As one of the hottest tokens recently, it has fallen back to around $30, near the previous rebound level. I will closely observe whether it rebounds from here or breaks down further. Once the direction is clear, I will trade its perpetual contract.
🔍Urgent events and news to watch closely:
1. Will gold and silver rebound as expected after their sharp decline: The biggest unexpected event this week was the historic epic crash of gold and silver last Friday. The market is now awaiting whether the market will see short covering and a rebound next week.
2. How will the situation in Iran develop: The Iran situation is currently the most unstable geopolitical variable. Trump has set a final deadline for negotiations with Iran, and both sides have laid out their bottom lines, making reconciliation seem difficult. If the Iran situation worsens, Bitcoin, as a risk asset, may experience another wave of decline, while gold and silver could see a significant rebound.
What are your weekend trading plans? Did you make money this week? Feel free to leave a comment. Wishing you prosperity every day!
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#我的周末交易计划
📈My market outlook:
After experiencing a significant drop last week, the short-selling momentum has been somewhat released, but the market's pessimistic sentiment has also been cultivated. Generally, everyone believes there are still lower points ahead, and many even see Bitcoin falling below 70,000+. In this situation, the likelihood of maintaining a weak oscillation over the weekend is higher, with the fluctuation range between 82,000 and 85,000, and the closer to next week, the weaker the market becomes. Under these circumstances, altcoins may show some performance.
📊My trading plan:
As the saying goes, "Offense is the best defense." This weekend, I still choose to take proactive actions. Given that Bitcoin is relatively weak, I look for hot altcoins to trade, and at the same time, I plan to add to my Bitcoin short positions around the top of the oscillation range at approximately 84,000.
The tokens I focus on and trade:
1. BTC and ETH: I currently hold short positions on Bitcoin. For both Bitcoin and Ethereum, I am closely monitoring the rebound strength during the weekend to find suitable entry points to add to my shorts and earn greater profits.
2. XAG: Considering that silver experienced the largest-ever 36% drop last Friday, I am closely watching for a rebound next week. As a perpetual contract for silver, XAG is my first choice for bottom fishing.
3. RIVER: As one of the hottest tokens recently, it has fallen back to around $30, near the previous rebound level. I will closely observe whether it rebounds from here or breaks down further. Once the direction is clear, I will trade its perpetual contract.
🔍Urgent events and news to watch closely:
1. Will gold and silver rebound as expected after their sharp decline: The biggest unexpected event this week was the historic epic crash of gold and silver last Friday. The market is now awaiting whether the market will see short covering and a rebound next week.
2. How will the situation in Iran develop: The Iran situation is currently the most unstable geopolitical variable. Trump has set a final deadline for negotiations with Iran, and both sides have laid out their bottom lines, making reconciliation seem difficult. If the Iran situation worsens, Bitcoin, as a risk asset, may experience another wave of decline, while gold and silver could see a significant rebound.
What are your weekend trading plans? Did you make money this week? Feel free to leave a comment. Wishing you prosperity every day!