Yesterday's market review and today's trading strategy

Yesterday afternoon, the market entered a unilateral downward trend, and amidst the spread of market panic, it was a good opportunity to position—precisely entering near the low of 103400. Subsequently, the market peaked at around 107500, achieving a profit margin of over 3000 points, allowing investors who kept up with the rhythm to directly seize a wave of trend dividends.

It is worth noting that 107500 is not only the high point of yesterday's rebound but also a key turning point for support and resistance. Under the pressure of this level, the market subsequently entered a consolidation phase between 106000 and 107500. From the current trend, the market is still in a cycle of oversold rebound, with today's core focus on "not breaking new lows". If the key support can hold, it is highly likely that a strong rebound will occur over the weekend.

Therefore, today's trading strategy is mainly focused on "controlling risks before seeking opportunities":

When the market touches the range of 107300-107800, if it further approaches 108500 and shows signs of pressure, one can initially position for control, targeting the lower level at 106000, and further extending to the range of 104800-104400;

If the market first falls to the range of 104400-104800 and shows signs of stabilization, one can reverse and position for long positions to seize the rebound opportunity. #币安HODLer空投ZBT