Yesterday's market trend was completed again. Due to my temporary work arrangements, the strategy was only updated until noon, and the real trading ended early at noon. After finishing here, I will share with everyone the market trend of yesterday and the analysis of the future market. The big coin first reached around 108900, and the price began to face pressure, showing a pattern of probing higher and then falling back. Based on our strategy analysis, we captured this wave of downward retracement trend, gaining 1531 points on the big coin short position, and then continued to provide support at the lower 106 level, maintaining a bullish outlook. The market held as expected, and we welcomed a surge at noon, where we gained another 1222 points on the long position of the big coin. Thus, our real trading ended here, taking a small V-shape pattern with short positions first and then long positions. After the price reached around 107727 at noon, it showed another probing higher and then falling back pattern, with support being continuously lost below. Although we did not participate in the latter market, from the market trend, the price deepened the retracement strength again, currently falling to a low of around 103300. In the face of the market trend, if it breaks below the key support level, don't stubbornly hold on; instead, timely stop loss and follow the trend. For example, the support at the 106 level was given in the morning, and if it breaks, we can turn around and look at the continuation of the downtrend. How is everyone doing? When trading, it is essential to strictly manage stop losses to stay in this circle for the long term.
The big coin has shown a probing higher and then falling back pattern for two consecutive days, with an extended upper shadow. However, today's retracement has deepened again, testing the previous low near the 102614 level. Ethereum is around the 2379 level, but so far it has stopped falling without touching this level. The previous patterns are similar, and the retracement did not touch the 100,000 mark but stopped falling at a certain distance away, which is due to the recent large fluctuations, coupled with the still bullish trend, representing a normal retracement correction before the upward pattern. The trend has not changed, and Ethereum has shown the same pattern without breaking the previous low. Currently, our defensive position for going long is set at the previous low, and we still look for the price to recover upwards in the future.
The big coin can be bought at 103500-103000 with a target near 106000; Ethereum can be bought at 2470-2440 with a target near 2560. #Strategy增持比特币 $BTC