The ups and downs of the K-line are not just a game of numbers, but also a training ground for mentality. The bull market teaches us to seize opportunities, and the bear market hones our patience. The market always rewards those who respect the rules and keep learning. Looking back at the morning market, the price of the currency was suppressed after it surged to 120,000 at 5 a.m., and a large-scale correction stepped down by nearly 2,300 points, with the lowest space reaching around 100,770. The short orders we arranged in the morning were also successful in stopping profits, and we took nearly 1,000 points of space near 118,000. From the Ethereum synchronous high, we caught the short at 3,400 and went directly down to around 3,320, taking nearly 70 points of space. At present, the exchange rate rebounded to around 118,500.
From the current trend, the exchange rate obviously has support at the bottom of 117,800. In the afternoon, we can go long around this position. If there is no point now, we can wait and see. After the price of the currency falls, we will arrange long orders. At present, from the hourly level line, the volume of short positions that will form a golden cross is about to end, and the bulls will usher in a counterattack. In the afternoon, we are optimistic about the outbreak of bulls.
Big cake idea: long around 118,000, target 119,500
Ether idea: long around 3,350, target 3,420
