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Today’s performance can be summed up in one word—shock. The key support level at 3000 was repeatedly tested, and there was a clear intention to defend the market, but the overall enthusiasm for mainstream coins was not high, and profit-taking effects were limited.
The most unfortunate are those retail traders who shorted during that wave; they are probably all trapped now.
Behind the seemingly calm market, the movement of the US stock market overnight will be very critical. If the US stocks give an opportunity, friends holding short positions should seize the chance to exit, don’t be greedy. I say this not without reason—the larger cycle still favors a bullish pattern, and short-term fluctuations are just a space for the market to breathe.
Speaking of futures trading, this is what I want to emphasize most: always set proper take-profit and stop-loss levels. No matter how confident you are in the market, protecting your principal is always the top priority. Major cryptocurrencies like Bitcoin and Ethereum are relatively stable in volatility, but the risks amplified by leverage are unbearable for anyone.
Let’s wait and see; if the market shows movement overnight, there may be an opportunity to go long.
Brothers holding short positions are probably bleeding now; I can't understand this move at all.
If the US stock market moves overnight, that would be the real turning point; otherwise, we have to keep waiting.
Stop-loss and take-profit—those words hit too close to home. Many people got wiped out just because of greed.
The bullish pattern hasn't changed, but this kind of short-term volatility is really getting annoying.
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How frustrated are the short sellers right now.
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If the US stock market performs well tonight, there might be a chance; otherwise, what can we do?
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Stop-loss and take-profit are really not to be neglected, lessons learned the hard way.
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I'm just afraid that once leverage is amplified, the principal is gone and so is the spirit.
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The willingness to defend the market is so obvious, how can the bears turn the tide? Laughing to death.
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The bullish pattern remains unchanged in the big cycle; just a short-term shakeout and it's over.
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The key still depends on how the US stock market moves, that's the real big support.
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Limited profit-making effects are just frustrating; after all the trouble, there's nothing.
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It's another waiting-and-seeing situation; when will this day come to an end?
Short sellers who are trapped are probably kicking themselves now, haha.
Let's wait for the US stocks to see the real action overnight.