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A few weeks ago, I was worried about not opening a position for the Ether rebound. Now, the US stock market has dumped for a week, costing more than 400 points, and has fallen below the critical level of 3000. The original plan for the upper level of 3700 has been changed to 3400. Yesterday, it dumped to 2872 and rebounded to 3069, costing you another 300 points. I want to see what kind of strength you have left to rebound.
All the cards have been played, and with no favorable conditions, the market cannot rise again. As mentioned earlier, it is already at the end of its strength. The only wild card now is the data to be announced at 9:30 tonight, which both the bulls and bears are unclear about; this card could become the trump card for either side.
The Bitcoin at 93000 hasn't followed up. I will predict the next steps based on the news at 9:30. There's no need to rush to open positions. For those who have already opened, the break-even loss at 92800 can be directly moved down to 92000 at 9:30.
After the news comes out, if it's positive, the market usually reacts faster, and I will directly take profit or stop loss. If it's negative, I will decide on the target profit-taking level.
I am currently trading in ZEC, and I've been observing this B for a long time. I don't want to give up; it's now pulled up to 700, and I'm looking for an opportunity to short in.