Last night’s order indeed wasn’t filled. Even after I went to sleep, the market still gave another opportunity and rose back above 2980, with a high of 2997. Honestly, I don’t feel too regretful because the order I placed was for 3000. Even if I hadn’t gone to sleep, I probably wouldn’t have entered the trade; maybe only you guys who are short could have taken it.
When to bottom out? I’ll skip the detailed analysis here because it’s quite complicated and I’m busy.
In short, 2800 is not the bottom; we need to watch the market trend after the rate hike. Furthermore, liquidity is too low. In the medium term, there should be a fake bull run. Although it’s not clear whether it will happen now, if it does, the target for Bitcoin’s fake bull is 97,000, but the bottom should be at least 60,000. This is based on the chart I pinned at the top. I’ve drawn it before. I don’t think it will drop straight down. Long-term, currently below 2200 corresponds to below 60,000. It’s completely possible to wait for next year’s straightforward spot trading.
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Last night’s order indeed wasn’t filled. Even after I went to sleep, the market still gave another opportunity and rose back above 2980, with a high of 2997. Honestly, I don’t feel too regretful because the order I placed was for 3000. Even if I hadn’t gone to sleep, I probably wouldn’t have entered the trade; maybe only you guys who are short could have taken it.
When to bottom out?
I’ll skip the detailed analysis here because it’s quite complicated and I’m busy.
In short, 2800 is not the bottom; we need to watch the market trend after the rate hike.
Furthermore, liquidity is too low. In the medium term, there should be a fake bull run. Although it’s not clear whether it will happen now, if it does, the target for Bitcoin’s fake bull is 97,000, but the bottom should be at least 60,000.
This is based on the chart I pinned at the top. I’ve drawn it before. I don’t think it will drop straight down.
Long-term, currently below 2200 corresponds to below 60,000. It’s completely possible to wait for next year’s straightforward spot trading.