Copy Trading Master’s Winning Strategies Review — Episode 36
Easy Follow, Smart Trade! Discover the winning strategies of our popular traders.
- Copy Trading Master’s Introduction
User Nickname: BlingBling~
Trader’s Profile: https://www.lbank.com/copy-trading/lead-trader?id=LBA3D77565
Trading Style: Swing Trading
2. Trade Operation Recap
Long ETHUSDT with 50x leverage on cross mode, opening at 3,140.92 USDT, closing at 3,214.23 USDT, achieving a profit of +116.70%. As shown below:
3. Trade Review
3.1 Market Background
On Friday, April 5th, the U.S. Department of Labor released data showing that non-farm payrolls surged unexpectedly by 303,000 in March, marking the largest increase since May of last year. This not only far exceeded the median expectation of 214,000 but also surpassed all analysts’ expectations.
The U.S. unemployment rate for March was 3.8%, in line with expectations and down from the previous value of 3.9%. The unemployment rate has now remained below 4% for 26 consecutive months, setting the longest record since the late 1960s.
On Tuesday, April 23rd, data released by S&P Global showed that the U.S. April manufacturing PMI fell below the boom-bust line, with a preliminary value of 49.9, well below the expected value of 52 and the March previous value of 51.9, marking the lowest level since December 2023.
On Thursday, April 25th, data released by the U.S. Department of Commerce showed that the U.S. actual GDP for the first quarter grew at an annualized quarterly rate of 1.6%, well below the market’s expected 2.5% and a significant slowdown from the 3.4% in the fourth quarter of last year.
The unexpected weakness in U.S. economic growth in the first quarter, coupled with stubbornly high core inflation and a strong labor market, has exacerbated concerns about stagflation, making the Fed’s interest rate outlook more uncertain and further dampening expectations of rate cuts.
It has been nearly 10 months since the last rate hike by the Fed (in July 2023). In the past 60 years, there have been three instances where the interval between rate hikes/cuts exceeded 10 months, and the eventual result was either stagflation in the U.S. economy (1970) or a financial crisis (1998 and 2007).
Since early April, strong U.S. employment data and persistent inflation data have been released, causing U.S. stock indices to continuously decline, and the cryptocurrency market has also fallen from its highs. On April 20th, BTC completed its fourth halving and only experienced a rebound for 2 days in its trend, then continued to oscillate widely.
3.2 Trade Analysis
From April 23rd to April 30th, the hourly chart of Bitcoin showed a downtrend after high-level consolidation along the trend line, followed by a rebound after bottoming out. See the image below:
On April 29th, on the hourly chart, the MACD indicator for Bitcoin showed a golden cross, and the BTC trend broke through the downtrend line. Bitcoin prices fluctuated narrowly between $61,600 and $61,500, and the overall cryptocurrency market was weak. After the U.S. stock market opened, Bitcoin plummeted but quickly rebounded. It then stabilized at $62,500, and then reached a high of $64,500.
On the same day, during the first wave of Bitcoin’s rise, Ethereum (ETH) was chosen to participate in the upward trend. On the 15-minute chart, Ethereum broke through the convergence pattern. After the initial rise and retracement without breaking the trend line, long positions were opened. Subsequently, Bitcoin rose rapidly, and the entire cryptocurrency market rose. On April 30th, Ethereum formed an “M” pattern. Positions were closed near $3,200. See the image below:
3.3 Winning Strategies Summary
The current market volatility factors are quite complex. From a macro perspective, the trend of U.S. stocks and the underlying U.S. economy and monetary policy have become the “anchors” of market expectations trading. In early April, amid geopolitical tensions in the Middle East, Bitcoin not only did not exhibit “safe-haven properties” but also encountered selling due to market risk aversion. Microscopically, the Bitcoin spot ETF has become the pricing center for short-term market volatility. On April 30th, BTC and ETH spot ETFs were listed in Hong Kong, and Asian capital also attempted to seize part of the “pricing power” in the cryptocurrency trading market.
In the ever-changing markets, for swing trading, it is essential to pay attention to changes in market trends in a timely manner and cut losses promptly.
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