Copy Trading Master’s Winning Strategies Review — Episode 19
Easy Follow, Smart Trade! Discover the winning strategies of our popular traders.
- Copy Trading Master’s Introduction
User Nickname: Online
Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader/?id=LBA3D77455
Trading Style: Swing Trading
2. Trade Operation Recap
Long BTCUSDT in cross mode with 50x leverage (mid-to-long term trading), opening at 44,072.3 USDT, closing at 45,299.5 USDT, achieving a profit of +139.16%. As illustrated below:
3. Trade Review
3.1 Market Background
On December 13th, following the FOMC meeting, the Federal Reserve held rates steady, lowering its end-2024 interest rate forecast from 5.1% to 4.6%, indicating a dovish stance for the next year. Fed Chair Powell, who had previously tried to curb market expectations for rate cuts, discussed the prospects of lowering rates, acknowledging it as a clear topic of discussion.
On December 18th, three Federal Reserve officials expressed confusion over the market’s premature expectations of rate cuts for next year, issuing “hawkish” statements to temper speculation about significant rate cuts in the upcoming year.
On December 19th, the SEC’s Office of Market Supervision and the Division of Trading and Markets met again with BlackRock executives to discuss the details of the proposed spot Bitcoin ETF.
On December 21st, the U.S. Department of Commerce released the final quarterly annualized GDP growth rate for Q3, revising it down to 4.9% from the previously reported 5.2%, exceeding expectations of 5.2%.
On January 3rd, 2024, investment bank TD Cowen stated that, due to political needs, the SEC is expected to approve a spot Bitcoin ETF before the January 10th deadline.
3.2 Trade Analysis
From December 6th to January 3rd, the daily chart of Bitcoin showed rapid rises followed by wide-range fluctuations, as below:
On the daily chart, BTC climbed to around $44,000 (December 6th) and then began high-level consolidation before quickly dropping to a low of $40,200.
3.3 Winning Strategies Summary
In swing trading, it’s essential to focus on fundamental expectations.
Note: Personal opinion, for reference only. Opportunities and risks abound, always do your research before investing.
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