When trading in the cryptocurrency world, you should focus on long-term planning rather than rushing for quick results. Even if you suffer losses in the short term, you don’t need to worry too much. As long as you can choose the right direction later, the losses will eventually be made up. However, the key is to accurately grasp the timing of placing orders and the current market trend, so as to increase the success rate of transactions.
At the same time, investment itself is also a process of continuous growth. Mr. Bi advises all coin friends to learn while practicing in actual operations, and to make self-summaries in a timely manner regardless of profit or loss. In this way, you can deepen your understanding of risks, cultivate a correct mentality and make good plans, so as to reasonably avoid risks and become a qualified investor.
7.15 Coin Circle Mu Qing: Bitcoin (BTC) Market Analysis Reference
Bitcoin's intraday market broke through the 120,000 mark in the morning and then climbed to around 123,300, setting a new record high. However, due to the lack of supply of bullish forces, the market rebounded and entered a high-level consolidation phase. As of press time, the current price fluctuated below the 120,000 mark.
Looking at the 4-hour short-term chart, the Bollinger Bands are opening upwards, and the price is moving back and forth between the middle and upper tracks. Recently, both bulls and bears have taken turns to exert their strength, and the price has been lingering near the 5-day line, and the overall market has entered a shock mode.
Looking at the attached picture, the two MACD lines are slowly approaching each other, and the upward momentum is getting weaker and weaker, and it looks like a death cross is about to form; the RSI and Stoch indicators are also turning downward, which means that the market may have to pull back later. So even though the price has broken 120,000, it has not stabilized yet. If you want to be more cautious in operation, it is better to wait for the pullback to be in place before going long. The support level is around 118,500 to 119,000.
If the price can stabilize at 120,000, the upward trend will most likely continue. Therefore, the main operation strategy is to go long after the correction.
7.15 Bitcoin short-term reference:
The test position is 123,500-122,500, defense is 124,800, stop loss: 500 target below 12.10,
The upper test position is 118500-119500, stop loss 500, prevent 116000 to make up, target above 120000,
7.15 Coin Circle Coin: Ethereum + (ETH) market analysis reference
After Ethereum fell back to 2950 in the early morning yesterday, the market broke out of the upward trend, breaking through the high of 3080 and then under pressure. Currently, the long and short sides are in a stalemate, and the market has entered a high consolidation. The price fluctuates back and forth above 3000, but the daily upward track is good. If the price stabilizes at 3000 in the future, the price is expected to rise further and move towards 3100 again. The short-term support below can focus on the 2980 line.
The 4-hour level formed a double top structure near 3083, and then fell below the EMA7+ support (3015), facing a short-term correction pressure. The daily level has a long upper shadow (3067→2990) after consecutive positive closings, indicating that the high-level selling pressure is obvious. MACD: The 4-hour cycle DIF crosses below the DEA to form a death cross (15.36/18.85), and the bar chart turns negative (-11.86), but the daily line is still in the bullish area (129.16/75.81). EMA: The price fell below the 1-hour EMA7 (3032), and the lower EMA30+ (2919) and the daily EMA7 (2890) formed a support chain. It can be seen that the integer mark of 3000 has become a key position for long and short positions. Intraday operations focus on the support line of 2980 below, and operations are mainly based on corrections.
7.15 Ethereum short-term reference:
The test position is 3125-3075, defense is 3280, stop loss: 50, target is below 3050,
The upper test position is 2995-2955, the stop loss is 30 points, and the target is above 3040.
There is a delay in sending the article. The strategy suggestions are for reference only. The market changes rapidly. No matter how good your judgment of the market is, you must take the stop profit and stop loss well and put the profit in the bag.
For more real-time orders every day, you can follow my public account and get my name. You can learn online trading techniques, get out of the market, etc. I have been studying the market for many years, studying the general trend of the currency circle, and studying in the United States many times. I mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who don’t know how to operate, welcome to study together.
Exclusive viewpoints, article delivery is delayed, risk is borne by the user, control the position reasonably when placing orders, do not operate with heavy or full positions, Mu Qing hopes that all fans and friends can achieve financial freedom, move forward together, and cheer together. Deep in time, hold a light understanding, and learn to be optimistic in investment. Don't let your future self hate your present self. We live in reality, but not every data is revealed. Let the past be the past, and let the future come soon! Rest yourself, sharpen your weapons, and be ready to go at any time. Come on!
If you don’t have the ability to judge the market, you must learn to follow us! Teacher Mu Qing will share his practical strategies every day to help everyone get ashore! !
#币安Alpha上新 #交易策略误区 #CPI数据来袭
