📍6.11 In the market #BTC #ETH Market Analysis
‼️ Before we begin, I want to say a few heartfelt words!
🎈 Last night, I attended an offline gathering and deeply felt that as a secondary trading blogger, I truly do not want anyone to lose money. Similarly, for everyone's benefit, so that everyone can earn more money, I choose to share my trading logic with everyone!
🔶 Yesterday was really tough, a wild ride of 260 points, even breaking through the previous high point.
Now we are facing a natural pullback, but these are all good things.
🙋 Little Classroom: A healthy pullback is helping the market to rise better. Yesterday, I also mentioned a key point, the 50% rule. The current market applies too!
From the experience of someone who has been through it! Remember, do not chase the price! Remember, do not chase the price! Remember, do not chase the price!
Trading can be done anytime! But to make money, you need to open positions at critical points, so you can capture more profits!
For your own good, can you be that “key person”?
If you haven't captured a good position at the beginning, missing it is just missing it; there's no regret!
‼️ Back to the current market situation, it has retraced to the upper boundary of the range and is consolidating. We need to wait a bit longer for a continuation to appear.
If you must open a position now, I highly recommend keeping the first position small! We just need to see if it can hold around 2790! As of now, I am inclined to be bullish! I hope to break through the current structure in one go! If we are really stuck at this line, we still have to short!
🌈 Referring to $BTC , it was also mentioned in yesterday's article that 108900 and 0.382 of the Fibonacci sequence resonate, causing a rebound, but the upper pressure level is at 110400. The profitable points are not many, and we have moved out of the current consolidation area, but we haven't broken the consolidation structure yet; just do high sell low buy.