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Today after-hours analysis
Yesterday, the net inflow of Auntie Tai Spot was slightly increased, and the Exchange Rate also rebounded today. Recently, various market makers have publicly sold the Spot in their hands. The panic news about dumping that can be seen by everyone is for retail investors. Otherwise, it would not be a net inflow. At the time of writing, BTC and ETH have all broken through the downward trend line and started to pump.
Today I shared the comparison between the trend after this round of 805 and the last bull market after 519. History is always surprisingly similar, whether it is the Node at the time or the initial public offering, they are extremely similar, basically all rapid oscillations in the box, Accumulation of three bottom tests, and finally a violent surge.
In this Whipsaw stage, which is the entire August market, it's very tough. Most of the users in the market, including our frens in the group, are already in a bad mood and obviously lack confidence. However, the market often emerges at this time, and the Bull Market is born in doubt. It's very important to watch the market at the end of the third quarter and the beginning of the fourth quarter. Currently, the overall speed has significantly increased. What used to take three to five days to happen in the market, now basically happens in one day. Please protect your positions and have patience Holdings. I believe that the market in September will be rewarding for everyone.
Regarding futures, the 59500-58500 range customized yesterday has begun to Build a Position, and there have been some gains. Control the Position well, either wait and see, or sell high and buy low, and keep a good base. Once btc confirms standing firm at 60200, a new round of rise will begin.
In terms of strategy, the strategy of Auto-Invest contract below 58000 is still the most effective way to earn profits.
Regarding Spot, I opened a long position for SOL at 144.3 at noon today, while BTC and ETH remain unchanged. I will consider selling high and buying low after the price exceeds the opening price, or maybe I will not do anything. Patience is required to achieve good returns. Frequent transactions may lead to missed profits.