【Reversal Signal Present, High Odds for Bottom Fishing】
Dear friends, in the cryptocurrency world for 8 years, I have realized a truth: the core of trading is not reckless operation, but patiently waiting!
Don't stare at the charts all day, getting restless, as that will only confuse you and lead to faster losses!
Remember these 5 phrases to avoid detours in the crypto world:
1. Follow the trend, wait for a pullback: If the trend looks good, don't rush to chase the highs; wait for the pullback to be in place before entering, it's safer!
2. Trade the range, wait for highs and lows: In a ranging market, don't chase up and down; wait for the price to reach highs or lows before acting, the win rate is higher!
3. Grab the rebound, wait for volume: If you want to catch a rebound, don't blindly bottom fish; wait for a volume increase before entering, to confirm the rebound signal!
4. Trade the breakout, wait for a retest: In a breakout market, don't rush to chase the highs; wait for a retest to confirm support before entering, it’s more secure!
5. Bottom fishing, wait for a reversal: If you want to bottom fish, don't blindly speculate; wait for a reversal signal to enter, to avoid being trapped!
In short, trading is a hunt; patiently wait for the best moment to strike!
Don't be that anxious hunter, firing randomly, ending up hitting nothing!
🔥 Current Market Guide (2025 Passive Income Edition)
20831471891: As expected, a pullback and consolidation, solidifying the bottom will allow for further momentum and then new highs.
$BNB : Still hasn’t risen above Bitcoin, Alpha's new airdrop has again produced significant gains, but will those who leave come back?
48731233318: Slightly better than Bitcoin, this sideways movement is beneficial for Ethereum to gain strength.
Some important news from yesterday:
1. GameStop raises $450 million again, which may be used to purchase BTC.
2. Certain exchanges will delist ALPHA, BSW, KMD, LEVER, and LTO on July 4.
Back to today's daily BTC technical analysis, from the candlestick perspective, the 1-hour level shows a downtrend, the 4-hour level is sideways and may decline, the 12-hour level is up, and the daily level is up, with intraday resistance at $110,000 and support at $107,400.
Disclaimer: Personal trading diary, not investment advice! This article comes with a 50% reverse indicator buff; don't blame me if the market hits back.