April 28th, Monday Hongding Trading Strategy:
A new week, a new beginning. After a weekend of fluctuations and corrections, it seems that the major coin's rise is somewhat lacking in strength. This morning, it rebounded to a high of around 945 before starting to decline, reaching a low of around 932. So how do we view today, and what is the direction for this week?
Firstly, since last Monday, it has risen from 851 to around 958, a significant increase of 10,000 points, with basically no major pullback. The closing of this week's weekly and monthly charts is also crucial. In my view, it is very important to pay attention to the level of 915. If the pullback does not break through this level, we will still focus on bullish sentiment. A breakthrough here could at least bring us to around 87 this week, meaning that even in the case of a strong pullback, there could still be a pullback to 8000 points, which would allow for an effective breakthrough to new highs.
Therefore, this week we mainly observe the strength of the pullback. The trading strategy is to primarily short on rebounds. Now, someone might ask how much of a rebound is needed to short. Currently, it seems that 940 cannot be broken; only then can we effectively probe lower. So, approaching the 935-938 range, we can directly go short, targeting 915-920. Depending on the situation at 915, we can consider going long. The short position should be defended at 945, and we can consider going long again near 915, with a 500-point defense, targeting 1000-1500 points.
As for other cryptocurrencies, if you have questions, you can leave comments in the comment section, or you can operate based on the major coin's levels. From Monday to Friday, we have a live broadcast every night at 9 PM, and on weekends, we'll live stream depending on the situation. Thank you all for your support and attention! $BTC
A new week, a new beginning. After a weekend of fluctuations and corrections, it seems that the major coin's rise is somewhat lacking in strength. This morning, it rebounded to a high of around 945 before starting to decline, reaching a low of around 932. So how do we view today, and what is the direction for this week?
Firstly, since last Monday, it has risen from 851 to around 958, a significant increase of 10,000 points, with basically no major pullback. The closing of this week's weekly and monthly charts is also crucial. In my view, it is very important to pay attention to the level of 915. If the pullback does not break through this level, we will still focus on bullish sentiment. A breakthrough here could at least bring us to around 87 this week, meaning that even in the case of a strong pullback, there could still be a pullback to 8000 points, which would allow for an effective breakthrough to new highs.
Therefore, this week we mainly observe the strength of the pullback. The trading strategy is to primarily short on rebounds. Now, someone might ask how much of a rebound is needed to short. Currently, it seems that 940 cannot be broken; only then can we effectively probe lower. So, approaching the 935-938 range, we can directly go short, targeting 915-920. Depending on the situation at 915, we can consider going long. The short position should be defended at 945, and we can consider going long again near 915, with a 500-point defense, targeting 1000-1500 points.
As for other cryptocurrencies, if you have questions, you can leave comments in the comment section, or you can operate based on the major coin's levels. From Monday to Friday, we have a live broadcast every night at 9 PM, and on weekends, we'll live stream depending on the situation. Thank you all for your support and attention! $BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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