1. Mu Changqing - False news about the trend ETF causing market panic, how to obtain 4000 points of empty space

CN
11 months ago

Everything that happens is beneficial to me, I must remember that! Your state of mind is your feng shui. With a positive mindset, everything will go smoothly. When you go out, don't carry resentment, and when you do things, don't bring emotions. Everything has two sides, even if the immediate result seems bad, it will definitely be beneficial to you. Seize the opportunity, transform, and grow. All good things will come to you.

This morning, between 05:00 and 05:30, the cryptocurrency market experienced a brief and intense fluctuation, with BTC fluctuating by nearly 8%, and the total market value evaporating nearly $31 billion. This volatility stemmed from a message released by the U.S. Securities and Exchange Commission (SEC) on its official X platform: the spot Bitcoin ETF has been formally approved for listing. However, it turned out to be a misunderstanding! Panic sentiment is at 4 stars, but it did not cause us any losses. Instead, the rebound allowed the spot market to take off again, gaining a thousand points.

On the four-hour K-line chart, it is testing the support of the middle track in a downward trend. If the middle track is broken, the coin price will inevitably collapse. The MACD indicator has a shrinking bullish volume, and there are signs of a death cross between the fast and slow lines. In summary, it tends to be bearish. For intraday reference, short at 46,000-46,200, with a target of 45,000. For aggressive traders, a light short position can be taken now at 45,900, with the target unchanged!

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