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#GateTransparencyReport# - 📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
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Trading Diary:
I miscalculated. Based on technical analysis yesterday, it was expected to peak around 68000, but I didn't expect it to pump this high.
The short order of 69000 is no problem to open.
But the margin replenishment of 69400 is really not appropriate, too greedy.
This will decrease the fault tolerance rate and needs to be eliminated.
chart analysis:
43000-53000 is the dealer's chip range, starting from 68000 points on March 5th and lasting until May 1st, nearly two months. The dumping action has been completed.
After half a month, it pulled up to 66000, with an increase of 10,000 points, but the volume of transactions was low, and it failed to effectively accumulate. It cannot support this upward trend from 66000 to 72000, which is very strange.
Suddenly, I realized that it might be influenced by Ethereum!
Previously, there was a dealer manipulating the exchange rate of BTC and ETH. Now, with the rebounding market, it can be explained like this.
If you say so, it shouldn't be long-lasting, so it's better to remain bearish.