In the cryptocurrency market, using candlestick charts to determine entry timing is an important method of technical analysis. Here are some methods for judging entry timing based on candlestick charts:
1. Identify trends
Uptrend: If there are multiple consecutive bullish candles (green) in the candlestick chart, and each bullish candle's closing price is higher than the previous one, it indicates that the market is in an uptrend.
Downtrend: If there are multiple consecutive bearish candles (red), and each bearish candle's closing price is lower than the previous one, it indicates that the market is in a downtrend.
Trend reversal signals: Certain specific candlestick patterns such as hammer, inverted hammer, morning star, engulfing pattern, etc., usually appear during trend reversals and can serve as entry signals.

2. Pay attention to support and resistance levels
Support level: When the price falls to a certain range and repeatedly rebounds, that range is the support level. If the price approaches the support level and shows a bullish candlestick pattern (such as a hammer), it may be a good time to consider going long.
Resistance level: When the price rises to a certain range and repeatedly falls, that range is the resistance level. If the price approaches the resistance level and shows a bearish candlestick pattern (such as a hanging man), it may be a good time to consider going short.

3. Volume-price coordination
Volume-price coordination in an uptrend: If the price rises while the trading volume also increases, it indicates strong buying pressure in the market, making it a good time to consider going long.
Volume-price coordination in a downtrend: If the price falls while the trading volume increases, it indicates strong selling pressure in the market, making it a good time to consider going short.

4. Special candlestick patterns
Hammer: Appears at the bottom of a downtrend, with a long lower shadow that is at least twice the body length, indicating a potential upward reversal, serving as a buy signal.
Inverted hammer: The shape is similar to a hammer, but the shadow is on top, indicating a potential upward reversal, suitable for going long.
Three white soldiers: Composed of three consecutive bullish candles, each candle's closing price is higher than the previous one's high, indicating a strong upward trend, suitable for going long.
Bullish engulfing: A longer bearish candle is followed by a shorter bullish candle, which is completely inside the bearish candle's body, indicating that the downtrend may be ending, suitable for going long.

5. Combining technical indicators
Moving average crossover: When a short-term moving average (such as the 5-day MA) crosses above a long-term moving average (such as the 10-day MA), it forms a golden cross, indicating that the market may enter an uptrend, serving as a buy signal.
MACD indicator: When the short-term MACD line crosses above the long-term MACD line, it forms a golden cross, indicating that the bullish trend is strengthening, suitable for going long.

6. Risk management
Set stop-loss: When entering a position, it is advisable to set a stop-loss point to control risk. The stop-loss point can be set beyond key support or resistance levels.

#美联储6月会议纪要

$ETH $XRP $BNB

Currently in a bull market, with opportunities arising every day, we share insights regularly.