Tariffs are coming, the turbulence is about to end, are you ready?
The repeated back-and-forth fluctuations in the market have made many friends anxious and uneasy, fearing both its return and its chaos. On April 2, Trump will impose an additional 25% tariff on global trade partners, and the time is getting closer. The fluctuations of Bitcoin are also about to come to an end.
Since this week, there has been strong support below 850 and pressure at 890, leading to repeated fluctuations. Prices rise during the day and fall at night, while they fall during the day and rise at night. The most notable feature of this volatility is the lack of continuity, which creates an illusion that as long as stop-loss orders are not set, one can always recover, a notion that has proven to be consistently true.
Yesterday, I was precisely trapped at the current price and hit my stop loss. I actually wasn't convinced. I was swept at 862, then I opened a long position again and exited at 875 with a profit! Not setting a stop loss feels irresponsible to my brothers, because I've always said that stop loss is very important.
The 4-hour level is in a consolidation phase, with negative information from tariffs coming in. Overall, today's strategy is to short at high levels, with entry points between 886-889, a stop loss at 895, and a target downwards at 875-865. If it breaks below, look at 850. Position sizing and risk management are priorities; where there are opportunities, there is capital!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Tariffs are coming, the turbulence is about to end, are you ready?
The repeated back-and-forth fluctuations in the market have made many friends anxious and uneasy, fearing both its return and its chaos. On April 2, Trump will impose an additional 25% tariff on global trade partners, and the time is getting closer. The fluctuations of Bitcoin are also about to come to an end.
Since this week, there has been strong support below 850 and pressure at 890, leading to repeated fluctuations. Prices rise during the day and fall at night, while they fall during the day and rise at night. The most notable feature of this volatility is the lack of continuity, which creates an illusion that as long as stop-loss orders are not set, one can always recover, a notion that has proven to be consistently true.
Yesterday, I was precisely trapped at the current price and hit my stop loss. I actually wasn't convinced. I was swept at 862, then I opened a long position again and exited at 875 with a profit! Not setting a stop loss feels irresponsible to my brothers, because I've always said that stop loss is very important.
The 4-hour level is in a consolidation phase, with negative information from tariffs coming in. Overall, today's strategy is to short at high levels, with entry points between 886-889, a stop loss at 895, and a target downwards at 875-865. If it breaks below, look at 850. Position sizing and risk management are priorities; where there are opportunities, there is capital!
If you like it, you can follow it! #BTC