Market Highlights:
Yesterday's market trend was actually very clear, with 5-30 minute indicators suggesting short positions. The short positions indicated by the wealth cat performed quite well, with Bitcoin breaking below 96050 and Ethereum breaking below 3300. These two conditions for short positions were given and performed very well. Bitcoin had two complete long positions, but I did not provide further guidance for Bitcoin after 947, only for Ethereum, mainly due to concerns about a sudden drop. Ethereum had two waves of long positions in the morning that did well, and the short position at 3373 was also good. The subsequent long position condition at 3377 did not reach the first take profit target of 3395, so this short position was not executed. The mid-term point for Ethereum at 3275 ultimately exited at 3295, while 3258 exited at 3273 [if these two points had taken profit, they would have easily hit stop losses at 20+18 USD respectively]. The final exit for 3218 was at 3268.
In a clear direction, executing trades is relatively easy. I want to reiterate that there are some key points in the market that should not be easily broken. If they are broken, it will just go as it goes, and occasionally there will be false breakouts and false breakdowns, accounting for about 10%.
Do not follow the market blindly; trading cannot be done rigidly. For example, during this round at 3740, many people incurred losses due to the timing logic involved. If simple timing logic could solve issues, then 3740 would not have become a textbook-level example. Be sure to screenshot and review it thoroughly.
Additionally, I often say that many traders are like the character Zhi Zun Bao from "A Chinese Odyssey," who once had a love in front of him but did not cherish it. When he lost it, he regretted it deeply, thinking if only he could have another chance... Many people miss opportunities in the market, being afraid to buy when prices rise and afraid to sell when prices fall, ultimately missing out over and over again or chasing randomly. There are two situations for chasing trades: 1: Breakouts and breakdowns, 2: Wealth cat's trend-following hints. In this round, I mentioned that the target resistance for long positions is a normal short, and this round's reversal point is the crown ♛ point. Although not all crown ♛ points have such significant market movements, the points I marked are very insightful whether they break or not. I have discovered some methods, and I believe that as I accumulate experience, I will become increasingly proficient in this area.
The upcoming market trends will be very interesting. I want to say that even if the current low point is broken, you can still go long.
The most important thing is to set stop losses, as they are essential for survival, and you can know your risk-reward ratio. As long as it is greater than 1:1, it's okay. When fishing 🎣, you need bait; the larger the fish you want to catch, the more you cannot use mud loach rice as bait.
In the trading market, there are many experts who have turned 2 USD into over 20,000, and there are also many charlatans who feel they can achieve great things after only a few tries.
For me, this candlestick is something I pour my heart and soul into with love, and I have gained what I wanted, as well as the path I need to take. I cannot achieve 100%, but as long as I grasp the direction well, I have already surpassed many people. I do not expect everyone to believe in me or follow me; everyone has their own fate and karma. I just need to strive for my own near perfection. The path of trading is not easy, and I am willing to answer questions and discuss with like-minded individuals.
Key Focus for Today:
Ethereum:
5-minute zero-axis rebound is the main focus
15-minute high position shorts and zero-axis rebound is the main focus
1-hour zero-axis and rebound, first long then short [important]
Bitcoin: 5-minute and 10-minute zero-axis rebound can go long
30-minute rebound first long then short
Afternoon 45-minute + 1-hour zero-axis and rebound [first long then short]
