1. Bitcoin: $BTC
Bitcoin at 92000 is the lower boundary of its strong consolidation. As long as it doesn't break below here, it will continue to challenge the upper resistance. We can also clearly see that Bitcoin has formed a long lower shadow at the daily level, which indicates that liquidity around 92000 is quite high. It is still uncertain whether the main force has intervened to protect the market. Furthermore, there is significant liquidity around 90000.
Having discussed the major daily structure, let's look at the smaller structure of Bitcoin. I provided a chart forecast internally last night. I tend to shift from the white line to the blue line; whether it will form a diamond shape remains to be seen. After a drop to 90000, it may rise to 96000. We will wait and see. But still, the 880-870 range cannot be broken; otherwise, it will be in vain.
Resistance: First, we look at the area around 95800, and in the short term, we still look at 94666, the previous high. If it breaks the previous high, then it will aim for 95800.
Support: We can see from the chart below that the short-term lower support is 91000, and the highly liquid 90000. Below that, we have the daily lower boundary of 88000-87000.
2. Ethereum: $ETH
The good scenario for Ethereum is that it regains the territory of 1750; otherwise, it will have to challenge 1680. If Ethereum rises to 1830 and forms a double top, it will still decline to 1680. Altcoins cannot be compared to Ethereum unless Ethereum reaches 1950.
Resistance: In the short term, we look at around 1770; if it breaks through, we target 1830, and for further gains, we look at 1930.
Support: 1745; 1680, we cannot miss here! If it drops below, Ethereum will turn bad, and it won’t be optimistic then.
In the crypto circle, manage your positions well.
Then you have outperformed the vast majority.
Next, I will introduce two methods of position management:
1. Left-side position management 2.3.5
1) Do not exhaust all your resources at once; buy in batches.
(2) You can divide your funds into several parts; when you are unsure of the bottom, buying in batches is the most suitable method to average the cost price.
(3) The bottom for adding positions should be handled flexibly according to market conditions; do not add positions too frequently, as this can negatively affect the averaging of coin prices. Entering 20%, 30%, or 50% is suitable for aggressive investors who are keen on bottom fishing.
(4) Start with a relatively small amount of entry capital. If the coin price does not rise and continues to fall, gradually increase the position, with the proportion of increase getting larger, thereby averaging the cost. This method has relatively low initial risk, and the higher the funnel, the more considerable the profit.
2. Right-side position management 3.3.2.2
1) Buy 1: When the 5-day moving average crosses above the 10-day moving average, add 30% to the position.
(2) Buy 2: The price of the coin has effectively broken through the lifeline; when it pulls back to the lifeline, continue adding 30% to the position to ensure that the total position reaches 60% in the initial stage of the upward trend.
(3) Buy 3: Breakthrough at the neckline or other important resistance levels; if it pulls back and stabilizes again, it indicates that the reversal upward pattern is established. Add another 20% to the position. The total position should reach 80%, holding the coin for the rise.
(4) Buy 4: The price of the coin has once again shown a golden cross between the 5-day and 10-day moving averages above the lifeline, which is a typical signal for accelerating upward momentum. At this time, the remaining 20% of the position should also be bought in time to maximize profits.
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