How to arrange a day's orders on July 8th?
$BTC 7. Analysis of the order placement thoughts on July 8th:
1️⃣ The lowest point of the daily K-line just stands on the EMA short line, forming a bearish golden K with the daily K on July 6th. Unless there is significant news driving the market, it is highly probable that there will be a pullback on July 8th before going bearish.
2️⃣ Currently, the EMA fast and slow lines on the 2-hour K-line have formed a death cross, a strong signal for bears.
3️⃣ The MACD on the 4-hour K-line has shown a death cross, indicating a larger bearish signal, which often suggests a prolonged bearish market. For students who shorted at a high position yesterday, leave 20% of your position and do not take profits yet. Set a trailing stop at 108500, aiming for a profit of about 3000 points this time.
For students who have not entered the market, do not rush. We will continue to adhere to the high short principle. If a bearish golden K appears after a pullback, I will post in the square in a timely manner to let everyone follow along.
🎁 Intraday short-term reference:
Bearish trial entry point 108400 to 108700, stop loss 400 points, target looking at 106400 to 105200.
$ETH 7. Analysis of the order placement thoughts on July 8th:
1️⃣ The highest point of the daily K-line just touched a key position of the upward trend before pulling back, but it has already stood on the EMA short line. If it can effectively break through the EMA short line, the long-term bearish strategy remains valid. Given that a bearish golden K has appeared on July 6th and July 7th, there is still a high certainty for the long-term holding strategy of bears this week.
2️⃣ Currently, a bearish golden K has appeared on the 1-hour K-line, and the EMA has formed a death cross. It is highly likely to break below the key position of 2488 and enter the central range.
3️⃣ The MACD on the 4-hour K-line has formed a death cross, and the K-line has shown a clear bearish golden K. Everyone can try short positions intraday, which aligns with the overall trend, significantly reducing the chances of being trapped and losing trades.
🎁 Intraday short-term reference:
Bearish trial entry point 2544 to 2560, stop loss 20 points, target looking at 2488 to 2460.
Be sure to set a stop loss!!! Safety first, small losses and big profits are the goal!!!
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