Gold xau/usd 5.21 Market Analysis Gold Spot (USD) Technical Analysis and Strategy Technical Analysis 1. Trend Structure Currently, gold is operating within a downward channel, falling from a high of about $3500 to the current rebound near $3307. 2. Key Resistance Levels * First Resistance: $3312.87 (recent high) * Second Resistance: $3350-3400 area (multiple resistance zone) 3. Key Support Levels * First Support: near $3250 * Second Support: psychological level at $3200 4. Technical Pattern The price recently attempted to break through the downward trend line but failed, forming a short-term top, and is currently in a correction phase. Trading Strategy Plan A: Range Trading * Buy Point: Price falls back to near the $3250 support level (can set a range of $3245-3255) * Sell Point: Price rebounds to the $3310-3315 resistance area * Stop Loss: Long positions stop loss set below $3245; Short positions stop loss set above $3315 * Target: High sell low buy within the range Plan B: Breakout Trading * Bullish Strategy: If the price effectively breaks above the $3312.87 resistance and holds, can chase long * Stop Loss: below $3300 * Target: $3350, $3380 * Bearish Strategy: If the price breaks below the $3250 support again, can chase short * Stop Loss: above $3260 * Target: $3200 Risk Warning 1. Current market volatility is high; it is advisable to control positions. 2. Pay attention to the release of US data in the evening, which may cause significant volatility. 3. Set strict stop losses to avoid holding losing positions. 4. Disclaimer: The above is a personal opinion and does not constitute any investment advice.
Core logic: Warning of leveraged overheating under the dominance of spot buying Key data:
- Exchange reserves drop to 2.23 million (lowest since 2021) - Perpetual contract funding rate 0.08% (30-day average 0.03%) - MVRV-Z score 2.7 (2.5-3.0 is a high-risk range)
Technical resonance analysis:
1. Gann Fan Line: Strong support at $87,000 formed by the daily 1×1 angle line, overlapping with EMA15 moving average 2. Wave Theory: - A breakout above $88,500 (March 20 high) will confirm the extension of the fifth wave, target $89,500-$90,000 - Breaking below $86,000 (Dow trend line) will open the ABC correction structure
Fellow Daoists, follow me and patiently wait for General Liangxi to seize great opportunities and ascend to the Upside Down Mountain to slay that fourteen mirror great demon
🚀 Legendary trader Mickey's intraday trading strategy 📌 Option 1: Trend breakout trading (long orders) Conditions: If it breaks through 97,732 USDT, you can follow up with long orders. 📈 Opening point: 97,800 USDT 🎯 Target 1: 98,900 USDT (+1,100) 🎯 Target 2: 100,500 USDT (+2,700) ⛔ Stop loss: 96,500 USDT (-1,300) ✅ Profit and loss ratio: at least 2:1, suitable for high-win trend traders
📌 Option 2: Support rebound trading (buy low) Conditions: If the price rebounds after hitting the 94,865 USDT support, you can buy short orders at a low price. 📉 Opening point: 94,900 USDT 🎯 Target 1: 96,800 USDT (+1,900) 🎯 Target 2: 97,700 USDT (+2,800) ⛔ Stop loss: 93,800 USDT (-1,100) ✅ Profit and loss ratio: > 2:1, suitable for aggressive bargain hunters
📌 Option 3: Short pullback trading Conditions: If the price is blocked near 98,900 USDT, you can try shorting. 📉 Opening point: 98,900 USDT 🎯 Target 1: 97,000 USDT (+1,900) 🎯 Target 2: 95,500 USDT (+3,400) ⛔ Stop loss: 100,500 USDT (-1,600) ✅ Profit and loss ratio: > 2:1, suitable for high-win callback short orders
Risk control Position management: Whether long or short, the position is controlled at a low level, such as not exceeding 30% of the total funds, to cope with market uncertainties and sudden changes. Stop loss execution: Strictly implement the stop loss strategy. Once the price hits the stop loss level, close the position without hesitation to avoid further losses. At the same time, after the profit reaches a certain level, move the stop loss level in time to lock in the profit to ensure that too much profit will not be given back when the market reverses. Intraday trading requires close tracking of market dynamics, flexible adjustment of strategies according to real-time market conditions, and always putting risk control first. $BTC #内容挖矿
The world's longest-living person, discovered in a cave in Nepal, is a Tibetan monk aged 206, who is in a state of deep meditation. When first found, he was thought to be a mummy, but it was only after anthropologists examined the mummy that signs of life were detected. Among his belongings, a scroll of scriptures was found, with the first line stating the Bitcoin target of 50,000 dollars. 77099180061#特朗普加密政令
Technical analysis and trading strategy of BTC 1-hour chart on June 10
1. Wave theory analysis On the 1-hour chart, we can see some clear fluctuations and trends: Big trend analysis: Starting point of wave A: at a high of about $71,100 in the figure. End point of wave A: at about US$68,300 (down). Wave B rebound: at about $69,988.6 (rebound high). Next, according to the wave theory, we may see a downward wave C: Fibonacci Expansion Wave A length: 71100 - 68300 = $2800 100% expansion level: 68300 - 2800 = 65500 USD 138.2% extension: 68300 - (2800 * 1.382) ≈ 64460 USD
The chart shows multiple moving averages. It can be seen that after the recent decline in BTC prices, it rebounded at an important support level. Multiple moving averages began to hover around the price, especially the short-term moving average (green line), which showed a slight rebound trend. The long-term moving average (orange line) and the medium-term moving average (cyan line) are basically located near 69,000, indicating that there is a certain support force at this point. Support and resistance: The current support area is around $69,133.5 (green area) and the lower $68,140.5. The resistance area is around $69,365.5 (red area) and the higher $72,223. CCI indicator: At the 30-minute level, the CCI indicator shows multiple highs and lows. At this time, the data is near zero, indicating that the market currently has no clear trend direction and is waiting for further signal confirmation. Divergence Indicator: The recent bullish (Bull) and bearish (Bear) signals have alternated many times, showing a certain market volatility. These signals remind us that there is a risk of price fluctuations in the short term. Analysis and suggestions In the 30-minute technical analysis: Short-term trend forecast: If the BTC price can effectively break through the resistance level of $69,365.5, it is possible to continue to rise and challenge the resistance range above $70,000. If the price continues to be under pressure and falls below the support level of $69,133.5, it may further fall to the support area of $68,140.5. Trading strategy: Long strategy: When the price breaks through $69,365.5 and confirms that it is stable, consider entering a long order in moderation. The target can be set above $70,000, and a stop loss can be set near $69,133.5. Short strategy: Enter a short order when the price breaks through and confirms that it cannot stand at $69,133.5. The target can be set near $68,140.5, and the stop loss can be set near $69,365.5. Risk management: Whether taking a long or short strategy, it is recommended to keep the position within a reasonable range, always pay attention to market dynamics, and set stop loss and take profit to protect the safety of funds.
Moving Averages: The price is currently trading above the long-term moving average, indicating that the overall trend is still up. However, there may be some pullback pressure in the short term. Support and resistance: The obvious resistance area is at $71488.82 (red area). If the BTC price touches this area, there may be a large selling pressure. At the same time, the strong support area is at $67273.67 and $62488.71 (green area). CCI indicator: The current CCI indicator is close to zero, but the previous CCI highs and lows show some obvious market volatility signals.
According to Gann's Time Law, the Gann turning point days in June 2024 can be predicted by analyzing market data and using Gann's time cycle tools. These turning point days are determined based on the time cycles in Gann theory, and they represent dates when market trend changes may occur. From the information I found, June 5 and June 7, 2024 are considered important time windows1. On these days, the market may experience price fluctuations or trend shifts, so they are considered turning point days. These dates are based on Gann theory calculations and market historical data analysis. It's going to be a waterfall #crash