Let go of fantasy and keep your feet on the ground

25 mar 2019

We see that the bulls did not challenge $4,000, but chose to retreat. However, from the current position, the bulls still have the advantage of 55:45, while the total position of bitmex remains above 580 million, indicating that the long and short sides are not winning or losing. What we are doing next is not gambling, but looking at the current trend ideally and completing the next transaction with a down-to-earth attitude. First let's look at long support, 3890 is a weaker support, down from weak to strong is 37333-3600-3530. It is not clear why the bulls have not surrendered. Maybe it is because of the approval result of etf, or some other factors. But on the whole, it is still in the rebound cycle, so blind optimism is not recommended. For quarterly contracts, I've been saying this week is going to be a very dangerous time, and I don't recommend regular investors get involved. As for whether there is a negative line in April, we wait and see.

Strategy: wait and see, wait and see! The master can start to prepare, once the outcome of the race, the trend will be a medium-term, more empty will have enough space to profit.