The current position of the market, I choose to wait and see. My initial expectation was 7-7.5, which I shared on Binance Plaza on the 27th of last month. At that time, the market price was 88,000, and today at noon it reached 75,000. I didn't keep a close eye on it nor place an order, so I missed out. If there are long positions at the 75,000 level, you can hold and set a stop-loss at breakeven, aiming to take profit at 80,000.

Let's talk about the subsequent trend. I blindly guess that this wave of decline hasn't bottomed out yet. I just placed a long order around 71,000. Whether it gets filled or not is up to fate. I just checked the chart, and the bulls are showing increased volume, indicating a slight sign of rebound. However, after several days of continuous decline, the indicators are deviating and need time to recover. A direct reversal is unlikely. During the consolidation, there will be enough opportunities to enter the market, so those without positions don't need to rush. Waiting for confirmation of the right-side signals before entering is also a good strategy.

Now, about gold. I have been bullish on gold all along. I didn't act on the high point of 5600 on the 29th of last month. Currently, profits have retraced. The reasons for this retracement and the reasons for my continued optimism are explained in previous posts. If you're interested, you can review them. Currently, the bottom-fishing range is suggested between 3800-4300. This is a zone of previous resistance and pullback consolidation, also supported by the weekly MA20. The gold market's story is 100% not over yet. If you're really worried, you can buy physical gold. If it profits, you can sell; if you're trapped, leave it to your children. This way, you'll be invincible. #加密市场回调