It was originally calm and peaceful today.

CN
Phyrex
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6 hours ago

Originally, it was a calm day today. I couldn't find any suitable opportunities after looking at the orders all day, so I ultimately chose to take profit around $118,300. Just five minutes after taking profit, the information about the extension of tariffs between the U.S. and China for another 90 days was announced. This has been mentioned a hundred times recently. Currently, the focus of the game is on tariffs and monetary policy. We should know about the monetary policy by Wednesday, but the key point regarding tariffs is now China and the European Union.

Today, Trump himself said that the agreement with the EU is basically a 50-50 split, and the EU also acknowledged this. However, I think the probability of reaching an agreement is somewhat higher. The remaining issue is China. I didn't expect that with this piece of information, the market would likely experience FOMO again. If my long position holds for just five more minutes, I could see at least a 20% profit. The news has a strong control over the market.

There's nothing I can do; I've already closed my positions. The remaining money isn't meant for me to earn, and I'm content with that. However, the price of $BNB suddenly broke a new high, and I wonder if it's related to 10X Capital. This matter has been out for a week now.

Looking back at Bitcoin's data, the trading volume over the weekend was ridiculously low, and investors have returned to a state of low selling. This is also good for $BTC; with less selling, the price naturally stabilizes. I suddenly realized that I'm still not sharp enough. In fact, when I saw the news, the market hadn't reacted yet, and BTC's price was only around $118,500. If I had chased it, I could have made a profit of $1,000. I still need to practice more.

A decrease in trading volume naturally doesn't affect support. Trump also said that the tariffs with the EU would be finalized today, so let's wait and see. If the tariffs with the EU are really completed, it might surge again; if no agreement is reached, the market may not be too optimistic.

So, regardless, it is appropriate to close the positions tonight.

Data link: https://docs.google.com/spreadsheets/d/1E9awSVwrVOxKOiaMdYT5YZvfveeFd9ENU-iO6dVcGj0/edit?usp=sharing

This article is sponsored by #Bitget | @Bitget_zh

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