Hello everyone, I am Dashan, focusing on the trend analysis of mainstream currencies and updating market analysis every day. When some people laugh in the currency circle, others will cry. I hope everyone is the former!
The overall trend remains unchanged, and there is no downward momentum. With the news of the election this year, the Fed's series of actions, and the announcement of interest rate cuts and hikes, and the full recovery of the economy after the masks, I believe that prices will go even higher. Let us all wait and see. For my fans and friends, I also wish everyone can achieve their goals in the circle!
In this boring market recently, let's see if there are any opportunities. The big cake has not changed. The horizontal support is still there. The resistance band of 920 is still there. In the short cycle, you can think that the price is adjusting here. This is a shock range. Obviously, at a small level, there are some compound shocks. So from the perspective of short-term trading, these intervals can be done back and forth, but I don't recommend you to do it. It's too small. If you look at this shock range, then the price can consider going to the top again. If it goes to the bottom again, it's the same reason. You can consider longs. There are no other opportunities. Don't get too excited when trading! If you do this kind of ultra-short-term, watching the minute chart and watching the market, it's easiest to get excited. Just watch it. The highest trading realm is that the apprentice will enter the market, the master will exit the market, and the real master will wait and see. Pull yourself out.
Let's look at the second cake. I have been reminding you of the same oscillation range for a long time. Didn't I draw this position for you before? I said there would be oscillation here. It would not rise or fall so quickly. Now it is in an adjustment stage. Near the upper track of this rising channel, the counter-support here is still good. So in the short term you just need to continue to watch the oscillation and wait and see. If you want to look at a medium- to long-term or ultra-long-term bullish position, it doesn't matter if you open the spot. Just ignore it. For example, if you see ether at 10,000, there is no difference whether you buy it at 320 or 310. Just buy and hold it and ignore it.
To put it bluntly, playing in the cryptocurrency circle is a battle between retail investors and bankers. If you don’t have cutting-edge news and first-hand information, you will only be cut!
The article is timely and the market changes in real time. The above suggestions are for reference only!
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