7.4 Afternoon Market Analysis
Stay alert at the peak of a bull market, dare to position at the trough of a bear market, and focus on learning during volatile markets—this is the survival rule for traversing cycles. Here are three pieces of advice for all investors: invest only with spare money, always keep some bullets, and a cold wallet is the ultimate destination for assets. The tenet of long-termists is simple: having holding power is more important than accurately timing the bottom, living long is more important than short-term profits, and converting cognition is more sustainable than gambling on luck. In the morning, the large coin market showed a downward trend, with the price sliding from the early morning high of 109,963 to the low of 108,702 by noon. The small coin also mirrored the large coin's movements, with prices dropping from a high of 2,603 to a low of 2,543. In the morning, Brother Sheng, with his keen insight, captured the short pullback, simultaneously positioning short orders for both the large and small coins, entering around 109,629 and 2,595 respectively, and taking profits near 108,814 and 2,548, achieving an 800-point gain on the large coin and a 47-point gain on the small coin.
Due to the US stock market being closed for three consecutive days, market trading has not been very active, and it is expected that the overall market will maintain a range-bound fluctuation. The daily line closed with a small bullish candle, indicating a mild upward trend, but we need to be cautious of weakening momentum. In the 4-hour candlestick chart, the bullish energy bars are continuously shrinking, and the KDJ indicator is forming a death cross spreading downwards, which indicates that short forces are gathering in the short term. Pay close attention to the key support level of 108,156; if the price can find effective support here and show signs of stabilization, consider positioning for a long trade to seek rebound profits.
Operating Suggestions
Large Coin Strategy: Short near 109,500, Target: around 107,800
Small Coin Strategy: Short near 2,570, Target: around 2,470
