Interpretation of cryptocurrency market on March 2nd, 2023

The market has nothing new changed. The ongoing shakeout is a bit like the end of last year. The market activity has been greatly improved. The Fed's hawkish trend has come to a head. A reasonable range of shortcomings is also priced in, and the probability is not low. Combined with the subsequent hotspot, the active layout is the main task.

At the same time, please pay attention to the previous article, which has stressed 21,000 fall through the problem. (The other tokens are the lowest level that fell in mid-February.) Although it belongs to a small probability event, if it happens, to ensure that the current position generates losses within the tolerable range as a backward projection of how many positions should be used.

The current price of BTC is 23,500. If the stop loss price is set at 21,000, the decline will equal 10%. For example, if the acceptable loss is 20% of the total capital, you can use 2X leverage for a full position. In other cases and so on, but in practice, it is not recommended to have a stop loss greater than 5% of the total funds for a single operation.