Market Trend: 6.5 Market Fluctuations Continue, Beware of Major Single-Sided Moves

Trading is like climbing; only by reaching the summit can one enjoy the magnificent views. If you encounter difficulties and retreat, giving up halfway will only lead to missed opportunities. In trading, the most important thing is to dare to act, face opportunities, and strike decisively, so as not to miss out and regret later. Rainbows always appear after the storm; the greatest enemy one faces is oneself. Often, we are lost in self-imposed obstacles and cannot extricate ourselves. Breaking through oneself is essential to take control of life!

Market Analysis:

No fancy analytical language, only实实在在的干货 (practical insights). Welcome to test your strength.

BTC:

Bitcoin's recent two days have been quite volatile, completely oscillating within our fluctuation range. From the hourly chart trend, the overall outlook is still bullish. Therefore, we can enter long positions at our support level of 104000-104700, with a stop loss of 500 points and a target of 106000-106700. If the trend remains unchanged, we can also enter short positions at the upper resistance zone, with a stop loss of 500 points. Always use stop losses when trading.

ETH:

Let's take a look at Ethereum. Although Ethereum has also been fluctuating over the past two days, the overall amplitude is larger than Bitcoin. Based on our provided support and resistance levels, the upper resistance zone is 2650-2680, and the lower support zone is 2575-2605. From the chart, we can see that the coin price has repeatedly tried to move down but has been blocked near the lower boundary, which is also our support zone. Additionally, based on the technical indicators below, we are seeing a bearish trend. Overall, the trend still leans towards fluctuation.

Trading Strategy: Enter short positions at the current price of 2607, with a stop loss at 2625 and a target near 2575;

Enter long positions near 2550-2575, with a stop loss of 35 points and a target of 2650, hold if it breaks;

Enter short positions at 2650-2680, with a stop loss of 35 points and a target of 2600.

There may be delays in article sending. The strategy suggestions are for reference only; specific operations should be based on real-time market data. For more details, you can consult the author.

Plan your funds reasonably for investment, avoid emotional trading, and do not let profits cloud your judgment. Do not place blind orders. The market is unpredictable, and many factors influence market trends; do not fixate on target points in the short term.