The essence of trading lies in the ability to find opportunities, to plan before taking action, and to strategize, which is the key to the market expert's consistent success. Many people fail due to chaotic operations, lack of planning, and most losses stem from being locked in positions, holding onto trades, and not having stop-losses. The root cause is still a lack of skills, lack of ideas, blindly trusting others' operations, following the wrong trades or too many people, coupled with a poor mindset, always resulting in small gains and large losses. The saying 'think twice before acting' holds true; only well-considered points should be used for entry. Aggressive points create dilemmas for both long and short, whether catching the highest or lowest point, with significant price differences. If you are reluctant to take a loss, you can only hold on. Stable points allow for profitable exits or stepping back.
Ethereum yesterday continued to rise, repeatedly hitting the 3780 position near the high and then pulling back. Although there was a retest of 3700 for another attack during the day, unfortunately, it did not stabilize and break through the upper resistance position, and the market is now in a high-level consolidation after the pullback. Today, the price entered a narrow range of fluctuation, and the current trend is operating in the 3740 area.
Looking at the daily level chart, the trend has closed up for three consecutive days, and the bullish sentiment is strong. Although the upward momentum is not strong currently, the market is maintaining high-level consolidation, and the trend is in a period of oscillation and accumulation, with support slowly moving upwards. As long as the intraday pullback does not break below 3660, the market is likely to continue rising.
Looking at the short-term hourly chart, the Bollinger Bands are opening, and the market is fluctuating above the middle band. Both bulls and bears are relatively stuck, and the market is currently leaning towards consolidation. It is expected that there will not be significant changes in the daily pattern in the short term, so everyone should maintain high shorts and low longs. Attention to resistance around 3800 above, and support successively at 3700-3660 below.
7.27 Ethereum short-term strategy reference:
Recommendation 3760-3820, stop loss 30 points, target below 3710,
Recommendation 3620-3675, defend at 3420, stop loss 30 points, target around 3720,
7.27 Bitcoin SMS strategy reference:
Recommendation 119500-118500, defend at 121900, stop loss 500 points, target below 117500,
Recommendation 116500-115500, defend at 114000, stop loss 500 points, target above 117000,
The price has time sensitivity, and there is a delay in posting, so please refer to the real-time market for specifics. Again, emphasize risk management. No matter how confident you are in your judgment of future market trends, you must have profit-taking and stop-loss measures!
The market expert has been navigating the market for many years, deeply understanding the opportunities and traps within. If your investment is not going well and you are unwilling to accept losses, there's no long-term sharing of the attack code!
