Good news: the long-awaited futures divergence signal has appeared! At the end of last night's decline, there was a rise in the spot premium!
Bad news: the signal came over the weekend... In other words, we have to wait for the performance of U.S. stocks to be confirmed after the opening of the U.S. market on Sunday night and Monday...
As for my operation: according to the plan, the pending order of 101.5k has been filled, and the position is not large, because I am not sure about the bottom here, so I can only reduce the risk and take one step at a time...
After all, the market can choose to fall again, the premium will fall again, and the path of continuous spot selling will be converted into a bearish trend market...
After a small pullback on Friday $BTC out of a new low this week, the spot contango index finally showed signs of no longer falling.
If prices fall and premiums rise over the weekend or next Monday, the shock pullback should be over.
I'm still waiting for a long signal to appear, and there is a high probability of a weekend shrinkage shock, so if you want to have a market, you have to wait until around Sunday evening.
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