A week has passed in the blink of an eye. Today, I have some free time to write an analysis. First, let's talk about Bitcoin. For the swing, after a retracement at 107,000/117,000, we prompted buy ideas again at 118,000/119,000. This week, we have basically suggested mindlessly going long in the short term. Although there were also short positions in between, I’ve mentioned in both live broadcasts and writings that if it doesn't drop at certain points, it will definitely rise. That's just the rhythm of the market. Again, don't pay too much attention to your own viewpoint. Whether going short or long, I’ve always emphasized that you shouldn’t overly value the importance of your viewpoint. If it breaks out, you must follow. Technically, I believe Bitcoin is still relatively stable, and the stability of the cryptocurrency is relatively strong. This can be seen from the volatility, which is quite suitable for large positions. On the daily chart, it has broken higher again this morning, but with the afternoon's retracement, it may enter a correction phase. Adjustments are certainly inevitable, and the moving average indicators are scattered and disorganized. In the short term, there will still be twists and turns, but overall, I remain optimistic about adjustments and corrections.
Let's talk about Ethereum again. Actually, there wasn't much going on this morning, and I just had a casual chat during the live stream. The recent rhythm of ETH has been too strong; it goes up quickly and comes down just as fast. The basic indicators and moving averages provide no reference points. In other words, trading Ethereum feels more like relying on instinct. I won’t analyze it today; I mainly want to discuss the trading techniques for Ethereum. Recently, we've been doing quite well with Ethereum, mainly due to our trading techniques, typically using a reference space of 20-30 points. If it breaks out, we follow the direction. Recently, we even made over 200 points on one trade during the day. In this trend rhythm, we try to maintain a strategy of only going long and strictly stop-loss on every trade. I think the basic issue is not significant. Remember, although many people make money in sideways markets, the real profits come from trends, where there are opportunities for several times the returns. Regarding future layouts, we will still focus primarily on bullish positions, mainly following the trend to proceed.
Regarding the recent expectations, Xiangyu has a few words to share with everyone. In the face of trends, do not treat it as a sideways market. The important points in a sideways market are significant, while trends are about the direction. As long as the direction is correct in a one-sided market, the goal will not be too far away. This is why we can continuously take off in this market while you are still observing. In less than half a month this month, all clients with over 10,000 USDT have achieved three times their investment. This highlights the importance of trends—just boldly follow this trend.
As a retail investor, we must master some trading techniques in the cryptocurrency market to reduce trading risks. Using trading skills can lead to profits without relying on luck and avoiding impatience with losses, allowing for consistent profitability. Whether you are dealing with real accounts or simulations, whether you are a novice or an expert, please adjust your mindset regarding trapped orders, losses, or liquidation, respect the market, follow my thoughts, and regain confidence in the investment market, showcasing your talents.
