📍6.9#BTC #ETH Intraday Market Analysis Tips at the end of the article
Yesterday was a bit busy over the weekend, took the opportunity to update during dinner time
Had a bit too much to drink and went straight to bed when I got home last night
💦 Today I sat down to analyze the intraday market carefully, remember to like + share
Back to the market $BTC
💥 Rebounded from around 101000 to my take profit point, with a profit of 3700 points
In case of not knowing what to do, I marked the places
1. Did not break down, went up, rebound, can we go long?
2. Broke down, this support level, can we boldly go short?
There wasn’t much fluctuation over the weekend, making a bit of money with a small position is of course fine
Trend is very important! Although smaller timeframes follow larger timeframes
Still need to pay attention to this BTC descending channel
🚀 Speaking of $ETH
Profit of 60 points up and down, going long and short for a profit of 100 points is already quite a lot for Ethereum these days
At the current price around 2480, as of the time I am publishing this analysis, from the trading volume and candlestick patterns, there is already a kind of stopping behavior, can we boldly look at your long position?
However, in any case, you can exit your long position around 2545
If there is a breakout from the price consolidation area, you can wait for a breakout pullback to go long, not missing these few points
👉 When pulling back, you must also pay attention to a key point! It is also a small tip!
If during the breakout pullback! Accompanied by a long bearish candlestick + large trading volume, temporarily wait and observe!
At this time, the risk of entering is relatively high, we consider this as a — false breakout!
I don't really like placing orders, I prefer to set alerts and observe the market when the price reaches a certain point
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