Bitcoin / TetherUS
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Interpretation of cryptocurrency market on SEP 1, 2022


The market remained slightly oscillating yesterday, with 20400 and1600 near the market having been pressed twice. The more definite rally periodic is now also nearing its end. The subsequent rally highs will be able to backfill short orders to do the swing.

One thing to note: it is still at a lower position. The profits from shorting need to be built based on another bottoming out, but bottoming out quotes do not always occur. So a short order to cover here is relatively aggressive. A separate cost and stop loss calculation is required. If a short is made at a trim level high, but the high is subsequently refreshed, it should be stopped loss first. Not unlike the previous medium-term short single, the more up, the more fill, or the hedge space may be too large.

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