In the past three days, out of the 14 trades I made, aside from opening a short position on TRUMP (with a small amount following Liangxi), all were on mainstream coins, namely BTC and ETH. During this period, I had one loss, but the others generally had around 80% profit, or I exited to cover fees when the market was not favorable. Historical positions can be seen by everyone; the entry and exit points were generally quite good. However, the volatility of mainstream coins is not as high as that of altcoins, so I only trade when there is market movement. I also strictly control the size of my positions, keeping my principal below 8% after trading, preferably around 5%. The profit growth is relatively slow, so I hope everyone can be patient with me.
My initial goal was to earn 2%-5% of the principal daily, in order to achieve a doubling of monthly returns. Now on the third day, I have made a profit of 9.77%, which is somewhat acceptable.✊✊
Now, the number of friends following my trades has grown from 7 on the first day to 14 now, and the amount of capital is no longer low. I need to be even more cautious; I hope everyone can encourage and supervise me more. Thank you once again for your trust and support! With the responsibility given to me, I must tread carefully, making every step solid, and remain cautious from start to finish!
I will share the recent market points with everyone in the evening, so stay tuned!
Tonight I placed a pending order for ETH, 1812 long 2%, 1795 long 3%. I accidentally swiped to the right and entered the market price, manually closed the position, lost a fee on a trade. It was my operational mistake, and I sincerely apologize if it caused any loss to everyone. I will definitely be more careful in the future to avoid such basic errors 🥺🥺 After hitting a high point of 1839 today, I placed a pending order at 1837.8 to short, and it reached a maximum of 1837.78, just 0.02 points away. Then it broke below the 1825 support level and briefly broke the 1810 support level. If it weren't for that 0.02 points, I would have made two days' worth of profits, and it completely ruined the mature and steady image I had in my plaza posts, turning me into a laughingstock 🤡 On Sunday, I expect there will be market movement, possibly seeing ETH at 1870 or even 1896, so I plan to be a bit more strategic with this pending order. I wonder what you all think about it. I hope everyone can give some opinions and suggestions, leave your thoughts ✊✊
Ethereum, why do you treat me this way? Why do you treat me this way? Why do you treat me this way? I am really heartbroken, family. This order has ensured that my copy trading partner will have money for meals tomorrow 😂😂😂😂
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Brothers, don't laugh at me hahahahahaha Ethereum, you are this 👍👍👍
Brothers, the weekend market is really slow. This morning, I opened my eyes and saw a pullback pattern, so I wanted to go long. I set a low long order, entering ETH at 1826 and BTC at 96480. Then the market slowly declined all afternoon. I entered a long position on BTC at 95840 with a leveraged position, bringing the average price up to 96160. I set a leveraged long order for ETH at 1812, but the lowest point only reached 1816. What a pity. In the evening, I didn't want to keep struggling and decided to run away. Today, I couldn't reach the target, my friends. The original plan was a daily return of 2.5%-5% to achieve a monthly doubling. Today dragged it down.
Three days of earnings at 5.54%. Do you think this pace can double in a month?
The money for following trades is someone else's money. Others sincerely trust me to help them trade, so I can only take on positions of 120% to 150%. I always maintain the highest level of respect for others' USDT. If any partners find the speed too slow, they can look for a more capable trader.
I will take a break today and tomorrow. With the weekend and holidays, the market fluctuations are relatively small. Let's wait until mid-week to update the market analysis post for everyone!
5.2 (Friday) Post Reflection: The market fluctuations are still quite significant. I'm not sure if any friends have followed the points I posted; if you did, the profits are relatively large. The market is also within the expected range. Now that it's the weekend, there may not be much more fluctuation. So for those who made money, enjoy your holiday!✌✌✌ I won't update over the weekend; the points will still be based on this post. I estimate there won't be much significant movement, but it's worth noting that shorting Ethereum should be done at very high points because there may be a rebound over the weekend. Good night, everyone!
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5.2 (Friday) BTC/ETH Market Update Bitcoin reached a daily high of 97388 yesterday. Ethereum rebounded to a high of 1872. I took the day off for Labor Day yesterday, so I didn’t update much; I only shared a bullish view in one post, which most of my friends may have missed. Currently, on the chart, Bitcoin's daily K-line has taken off with a big bullish candle, breaking through the recent resistance at 95500. The first wave reached around 96700 and began to retrace, dropping to 95700 before rebounding again. The second wave's highest point reached around 97400 before starting to retrace. As of now, the lowest point has retraced to around 96300 and is beginning to show a slight rebound. The upper, middle, and lower bands are all opening upward and rising, and the KDJ lines have converged to form a golden cross, with overbought signals still heading upward. Therefore, in this case, we do not guess the top. Currently, on the hourly chart, there is a rise followed by a drop, and it is in a retracement phase. I’d like to share the support levels below for reference when considering long positions. The lower support levels to watch are 96100/95500/94800, building long positions around these points, with take-profit targets at 97500, 98500, and 99500.
Ethereum only reached a high of around 1870 yesterday. Although it broke the previous high of 1860, it did not stabilize completely, which counts as a false breakout. However, the lows for Ethereum are slowly rising, and there are still opportunities for low buys on retracements. The support levels for Ethereum to watch are 1823, 1800, and 1770 for low buys, with targets looking at 1857/1872/1888. The above is just my personal opinion and does not represent correctness or guarantee profitability. Everyone must approach it rationally and avoid blindly diving in; risk management is paramount at all times! $BTC #非农就业数据 Pay close attention to the non-farm payroll data to be released tonight at 20:30, and prepare for potential spikes.
5.2 (Friday) BTC/ETH Market Update Bitcoin reached a daily high of 97388 yesterday. Ethereum rebounded to a high of 1872. I took the day off for Labor Day yesterday, so I didn’t update much; I only shared a bullish view in one post, which most of my friends may have missed. Currently, on the chart, Bitcoin's daily K-line has taken off with a big bullish candle, breaking through the recent resistance at 95500. The first wave reached around 96700 and began to retrace, dropping to 95700 before rebounding again. The second wave's highest point reached around 97400 before starting to retrace. As of now, the lowest point has retraced to around 96300 and is beginning to show a slight rebound. The upper, middle, and lower bands are all opening upward and rising, and the KDJ lines have converged to form a golden cross, with overbought signals still heading upward. Therefore, in this case, we do not guess the top. Currently, on the hourly chart, there is a rise followed by a drop, and it is in a retracement phase. I’d like to share the support levels below for reference when considering long positions. The lower support levels to watch are 96100/95500/94800, building long positions around these points, with take-profit targets at 97500, 98500, and 99500.
Ethereum only reached a high of around 1870 yesterday. Although it broke the previous high of 1860, it did not stabilize completely, which counts as a false breakout. However, the lows for Ethereum are slowly rising, and there are still opportunities for low buys on retracements. The support levels for Ethereum to watch are 1823, 1800, and 1770 for low buys, with targets looking at 1857/1872/1888. The above is just my personal opinion and does not represent correctness or guarantee profitability. Everyone must approach it rationally and avoid blindly diving in; risk management is paramount at all times! $BTC #非农就业数据 Pay close attention to the non-farm payroll data to be released tonight at 20:30, and prepare for potential spikes.
The night before yesterday, a friend just asked me in the comments if the 1780 long position could be relieved. I told him to pull the average price down to 1750, and when I woke up, it was resolved. As a result, today continued the bullish sentiment from yesterday, and after breaking the trend, another friend holding a short position at 1791 asked me how to relieve it… A trend formation won't easily reverse. In a bullish trend, try to buy low; in a bearish trend, try to sell high. If you hold a position against the trend without strict stop losses, always thinking it will come back, you will indeed get stuck deeper and deeper. However, this position can still be resolved; it's just that this friend needs to be stuck for a while. I urge everyone to be cautious with counter-trend positions! Strictly implement stop losses!!!✊✊✊ $ETH
It has been a week since I arrived in bn, and I have been analyzing the market every day and sharing my own real trades, which have been relatively stable and accurate. I am setting up a copy trading system here, but with only small funds and small profits. If you want to double your money in a day or tenfold in two days, you can skip my offer. However, if you're looking for long-term investment, feel free to join. Today I opened two positions and both are showing some profit. Also, seven family members have invested funds to test the waters. Everyone is welcome to support and critique! $BTC $ETH
$ETH still has no fluctuations, this wave touched the pressure near 1810, short one hand to explore the path for everyone!
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4.30 (Wednesday) Can't take it anymore!!!! Where's the market? Where's the market we want???? It's delaying the brothers from making money! Right now BTC is in a high-level oscillation and consolidation, there wasn't much fluctuation yesterday, and there hasn't been much fluctuation in the past few days either. So you can still refer to the post made on Tuesday for trading, the levels are still the same, everyone should enter when they encounter a good position!
4.30 (Wednesday) Can't take it anymore!!!! Where's the market? Where's the market we want???? It's delaying the brothers from making money! Right now BTC is in a high-level oscillation and consolidation, there wasn't much fluctuation yesterday, and there hasn't been much fluctuation in the past few days either. So you can still refer to the post made on Tuesday for trading, the levels are still the same, everyone should enter when they encounter a good position!
闻素讲主流币
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4.29 (Tuesday)
BTC: Last night it pulled up to the strong resistance near 95500, then began to pull back, with the lowest point hitting around 93370 before rebounding. It formed a large V-shaped pattern. This morning, it oscillated around 95300, and while grinding down, it dropped a thousand points to 94300. Now, it has returned to a sideways trend around 94500. It seems that the recent high points for BTC have not changed much, which are 95500/95700/95400 in sequence, meaning that 95700 is a strong resistance that is difficult to break in the short term; at the same time, the low points are continually rising, from 91500 up to 92800, then 93500. Although the low points have risen, the high points have not broken through, so it is still unclear when the strong resistance will be overcome and how long it will take. In this kind of market, establishing long positions at the low points after the pullback can be safer. Positions below 93000 can be built in batches, and as long as it doesn't drop below 91000, one can continue to look for upward movement. ETH: Last night, it also began to slowly pull back from the high point of 1826, with the lowest point briefly hitting 1742 before rebounding. The support level at 1750 remains effective; this is just a common tactic used by market manipulators for false breakouts. It dropped 84 points from the high and then started to rise from 1742. As of now, it has rebounded to 1806, with a resistance level around 1810 that has not been broken yet. A breakout would be above 1820. The upper resistance levels for ETH are 1825, 1845, 1857, and the lower support levels are 1775-1780, 1745-1755, 1720. The overall trend for ETH is also upward, but it is much weaker than BTC, oscillating in the range of 1720-1850. As long as it does not drop below 1700 during the pullback, one can continue to look for upward movement. If it grinds for a long time, there is still a chance to break through, but if it drops below 1700, one cannot expect continued upward movement. The strategy can focus on building long positions mainly in the 1700-1750 range, with short positions as a supplement. Operation suggestions: Establish a long position for BTC at 93800, add to the position at 93200, set a stop-loss at 92500, and take profit targets at 94700/95400; if it strongly attacks, then look for 96000; Establish a long position for ETH at 1775, add to the position at 1750, set a stop-loss at 1720 and consider exiting if it drops, with profit targets at 1820/1850; if it strongly breaks through, continue to look for 1880.
Special note: When trading ETH, be sure to set proper take profit and stop-loss levels, as it has larger fluctuations to prevent unnecessary losses or profit giving back. Personal suggestions are for reference only; if helpful, it would be an honor.
Today during the day, apart from Ethereum experiencing a wave of fluctuations, Bitcoin has been relatively stable. Friends who were interested in my post before the Ethereum market contacted me through my personal introduction to join in, and we also made a small wave together. Unfortunately, this friend made a mistake and drew incorrectly, causing significant psychological pressure and missed the opportunity. This is not hindsight; everyone can verify the timing on the candlestick chart. In the evening, as the US stock market opens, the market situation will arrive. Those interested can use the post I sent at noon as a reference to try entering the market. If it benefits you, that would be my honor.
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4.29 (Tuesday)
BTC: Last night it pulled up to the strong resistance near 95500, then began to pull back, with the lowest point hitting around 93370 before rebounding. It formed a large V-shaped pattern. This morning, it oscillated around 95300, and while grinding down, it dropped a thousand points to 94300. Now, it has returned to a sideways trend around 94500. It seems that the recent high points for BTC have not changed much, which are 95500/95700/95400 in sequence, meaning that 95700 is a strong resistance that is difficult to break in the short term; at the same time, the low points are continually rising, from 91500 up to 92800, then 93500. Although the low points have risen, the high points have not broken through, so it is still unclear when the strong resistance will be overcome and how long it will take. In this kind of market, establishing long positions at the low points after the pullback can be safer. Positions below 93000 can be built in batches, and as long as it doesn't drop below 91000, one can continue to look for upward movement. ETH: Last night, it also began to slowly pull back from the high point of 1826, with the lowest point briefly hitting 1742 before rebounding. The support level at 1750 remains effective; this is just a common tactic used by market manipulators for false breakouts. It dropped 84 points from the high and then started to rise from 1742. As of now, it has rebounded to 1806, with a resistance level around 1810 that has not been broken yet. A breakout would be above 1820. The upper resistance levels for ETH are 1825, 1845, 1857, and the lower support levels are 1775-1780, 1745-1755, 1720. The overall trend for ETH is also upward, but it is much weaker than BTC, oscillating in the range of 1720-1850. As long as it does not drop below 1700 during the pullback, one can continue to look for upward movement. If it grinds for a long time, there is still a chance to break through, but if it drops below 1700, one cannot expect continued upward movement. The strategy can focus on building long positions mainly in the 1700-1750 range, with short positions as a supplement. Operation suggestions: Establish a long position for BTC at 93800, add to the position at 93200, set a stop-loss at 92500, and take profit targets at 94700/95400; if it strongly attacks, then look for 96000; Establish a long position for ETH at 1775, add to the position at 1750, set a stop-loss at 1720 and consider exiting if it drops, with profit targets at 1820/1850; if it strongly breaks through, continue to look for 1880.
Special note: When trading ETH, be sure to set proper take profit and stop-loss levels, as it has larger fluctuations to prevent unnecessary losses or profit giving back. Personal suggestions are for reference only; if helpful, it would be an honor.
BTC: Last night it pulled up to the strong resistance near 95500, then began to pull back, with the lowest point hitting around 93370 before rebounding. It formed a large V-shaped pattern. This morning, it oscillated around 95300, and while grinding down, it dropped a thousand points to 94300. Now, it has returned to a sideways trend around 94500. It seems that the recent high points for BTC have not changed much, which are 95500/95700/95400 in sequence, meaning that 95700 is a strong resistance that is difficult to break in the short term; at the same time, the low points are continually rising, from 91500 up to 92800, then 93500. Although the low points have risen, the high points have not broken through, so it is still unclear when the strong resistance will be overcome and how long it will take. In this kind of market, establishing long positions at the low points after the pullback can be safer. Positions below 93000 can be built in batches, and as long as it doesn't drop below 91000, one can continue to look for upward movement. ETH: Last night, it also began to slowly pull back from the high point of 1826, with the lowest point briefly hitting 1742 before rebounding. The support level at 1750 remains effective; this is just a common tactic used by market manipulators for false breakouts. It dropped 84 points from the high and then started to rise from 1742. As of now, it has rebounded to 1806, with a resistance level around 1810 that has not been broken yet. A breakout would be above 1820. The upper resistance levels for ETH are 1825, 1845, 1857, and the lower support levels are 1775-1780, 1745-1755, 1720. The overall trend for ETH is also upward, but it is much weaker than BTC, oscillating in the range of 1720-1850. As long as it does not drop below 1700 during the pullback, one can continue to look for upward movement. If it grinds for a long time, there is still a chance to break through, but if it drops below 1700, one cannot expect continued upward movement. The strategy can focus on building long positions mainly in the 1700-1750 range, with short positions as a supplement. Operation suggestions: Establish a long position for BTC at 93800, add to the position at 93200, set a stop-loss at 92500, and take profit targets at 94700/95400; if it strongly attacks, then look for 96000; Establish a long position for ETH at 1775, add to the position at 1750, set a stop-loss at 1720 and consider exiting if it drops, with profit targets at 1820/1850; if it strongly breaks through, continue to look for 1880.
Special note: When trading ETH, be sure to set proper take profit and stop-loss levels, as it has larger fluctuations to prevent unnecessary losses or profit giving back. Personal suggestions are for reference only; if helpful, it would be an honor.
The market on Monday perfectly met expectations, just that the evening orders were placed very conservatively, so if you don't enter, you won't lose. The market is there every day, no need to rush, brothers. Open your eyes and see that Ethereum at 1804 also went in briefly for a short position and made a quick exit. When do you all want to discuss Tuesday's market trends?
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Monday's market perfectly comes to an end! In the afternoon, I publicly shouted to short BTC at 94500 in the square, and added to the short position at 95200. Currently, the lowest has come to 93400. If there were any additional positions, the average price has reached 94950, resulting in a profit of 1450 points; I shorted ETH at 1818, with the highest retracement reaching 1826 to let us hop on, then after a period of sideways consolidation, it surged straight to our second take profit level of 1750! That's a solid profit of 68 points. Those who followed can simply cash out now; we'll discuss tomorrow's matters tomorrow. Good night! Bonus overnight order: ETH, long at 1702, with a hundred position; add to the position at 1680, adding another hundred; take profit at 1740; stop loss at 1650. Note: The hanging order requires strict stop loss to avoid unnecessary larger losses due to market fluctuations.
Monday's market perfectly comes to an end! In the afternoon, I publicly shouted to short BTC at 94500 in the square, and added to the short position at 95200. Currently, the lowest has come to 93400. If there were any additional positions, the average price has reached 94950, resulting in a profit of 1450 points; I shorted ETH at 1818, with the highest retracement reaching 1826 to let us hop on, then after a period of sideways consolidation, it surged straight to our second take profit level of 1750! That's a solid profit of 68 points. Those who followed can simply cash out now; we'll discuss tomorrow's matters tomorrow. Good night! Bonus overnight order: ETH, long at 1702, with a hundred position; add to the position at 1680, adding another hundred; take profit at 1740; stop loss at 1650. Note: The hanging order requires strict stop loss to avoid unnecessary larger losses due to market fluctuations.
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4.28 (Monday) BTC experienced a significant pullback in the morning, dropping from 94,500 to 92,700, a decline of 1,800 points, and has started to recover, currently stabilizing at 94,000; the weekly K-line for Bitcoin has achieved three consecutive bullish candles, with the price standing above the middle band of the Bollinger Bands, MACD bearish momentum continuing to decrease, and KDJ forming a golden cross upwards. Although the RSI shows signs of turning at a high level, the impact is minimal, and it is not recommended to chase long positions at high levels. ETH mirrored this; last night, I suggested everyone set up a short order at 1,818 to target 1,780/1,750/1,720, but we missed it by a few points. This morning, it dropped from 1,815 to 1,750.99 and has now also corrected and stabilized around 1,795. The technical indicator analysis shows no significant differences from BTC. Last week, the weekly K-line had a strong bullish candle, with BTC surging from 85,000 to 95,000 in a week, and ETH skyrocketing from 1,535 to 1,800. Following such a surge, the market typically enters a phase of sideways consolidation or undergoes a deep correction, meaning there is a higher likelihood of the major cryptocurrencies experiencing range-bound fluctuations. The fluctuation range for BTC is 91,500-96,000, while for ETH it is 1,850-1,720. Therefore, the current main strategy is to sell high and buy low, meaning to go long at lower prices and short at higher prices. Operation suggestions: BTC: Establish short positions at resistance levels of 94,500/95,200/95,600, and take profit in batches at 92,500/91,700, then consider going long; target above 94,000, and if it breaks, watch for 95,100; ETH: Enter short positions near 1,818, and if it continues to rise towards 1,840, you may add to your position, with a stop-loss placed at 1,870, targeting 1,780. If it breaks, continue to look for 1,751; if 1,751 support continues to break down, then look for 1,720; for long positions, pay attention to 1,720/1,680. If it touches the support level and quickly rebounds, it confirms the support is effective, and you can re-enter long positions. Take profit levels are 1,780/1,810.
Special note: ETH is quite volatile, with a large profit and loss range. It's best to use take profit and stop-loss orders when trading ETH to avoid unexpected losses.
4.28 (Monday) BTC experienced a significant pullback in the morning, dropping from 94,500 to 92,700, a decline of 1,800 points, and has started to recover, currently stabilizing at 94,000; the weekly K-line for Bitcoin has achieved three consecutive bullish candles, with the price standing above the middle band of the Bollinger Bands, MACD bearish momentum continuing to decrease, and KDJ forming a golden cross upwards. Although the RSI shows signs of turning at a high level, the impact is minimal, and it is not recommended to chase long positions at high levels. ETH mirrored this; last night, I suggested everyone set up a short order at 1,818 to target 1,780/1,750/1,720, but we missed it by a few points. This morning, it dropped from 1,815 to 1,750.99 and has now also corrected and stabilized around 1,795. The technical indicator analysis shows no significant differences from BTC. Last week, the weekly K-line had a strong bullish candle, with BTC surging from 85,000 to 95,000 in a week, and ETH skyrocketing from 1,535 to 1,800. Following such a surge, the market typically enters a phase of sideways consolidation or undergoes a deep correction, meaning there is a higher likelihood of the major cryptocurrencies experiencing range-bound fluctuations. The fluctuation range for BTC is 91,500-96,000, while for ETH it is 1,850-1,720. Therefore, the current main strategy is to sell high and buy low, meaning to go long at lower prices and short at higher prices. Operation suggestions: BTC: Establish short positions at resistance levels of 94,500/95,200/95,600, and take profit in batches at 92,500/91,700, then consider going long; target above 94,000, and if it breaks, watch for 95,100; ETH: Enter short positions near 1,818, and if it continues to rise towards 1,840, you may add to your position, with a stop-loss placed at 1,870, targeting 1,780. If it breaks, continue to look for 1,751; if 1,751 support continues to break down, then look for 1,720; for long positions, pay attention to 1,720/1,680. If it touches the support level and quickly rebounds, it confirms the support is effective, and you can re-enter long positions. Take profit levels are 1,780/1,810.
Special note: ETH is quite volatile, with a large profit and loss range. It's best to use take profit and stop-loss orders when trading ETH to avoid unexpected losses.
$BTC $ETH As expected, the market arrived on Monday. Unfortunately, last night I told everyone to short BTC at 95100, looking down at 92500, and told everyone to short ETH at 1818, looking down at 1780/1750/1720. The points for the orders were just a little off. The purpose here is to be conservative so that if everyone places an order, they can achieve a relatively large profit-loss ratio, rather than aggressively entering the market and causing further losses, to avoid scaring some friends. My orders also did not get filled. I originally thought that the market makers would pull up a bit to clear liquidity before crashing down, but it unexpectedly dropped hard like this. However, there are daily market movements in the cryptocurrency world, so there's no such thing as missing out, because once you enter, it can be quite profitable. A good quality order can sometimes be worth several regular trades. The first order point is relatively conservative, also considering more people. It's indeed a pity not to have captured it, but that's okay. Later, I will share today's market points with everyone, and I will also remind everyone while doing my own trades. I hope my post can help my friends earn a little.
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4.27 (Sunday) This is also the first public market analysis and my own trading position sharing in the square, for reference only. If it benefits you, I will be greatly honored.
The calm range of the weekend is about to come to an end. Unexpectedly, both BTC and ETH had a wave of volume surge this morning. ETH suddenly surged from around 1800 to 1857, while Bitcoin quietly rose from 94000 to 95280. After this surge, both retreated to their initial rising points and went sideways. This surge was actually a continued test of the upper pressure levels during the leisurely weekend, with BTC's small-level resistance around 95300/95700 still being difficult to break. ETH is more volatile; it failed to break the 1840 resistance level despite trying three or four times during the week. This sudden surge to 1857 on the big weekend is quite strong, resembling a triumphant march. Unfortunately, this breakout still indicates a tactic of the market makers to clear the liquidity at 1840-1860, i.e., to induce buying. Currently, BTC's upward resistance is at 95300/95700/96500, and downward support is at 93800/93200/92500. For ETH, the upward resistance is at 1840/1870, and only if 1870 is broken can there be a chance for further gains. Downward support levels are 1780/1750/1720 in sequence. As long as support levels are not broken, there won't be a significant decline.
In the evening, I plan to place limit orders: BTC: Open short positions at 1% of total capital at 95100 and 95500, prepare to reduce positions at 94000 and set a breakeven stop loss at 92500, with a stop loss at 95800;
ETH: Open short positions at 1% of total capital at 1818 and 1838, prepare to reduce positions at 1780 and set a breakeven stop loss at 1720, with a stop loss at the previous high of 1857; Note: Second cryptocurrency is prone to sudden sharp drops or crazy surges, so orders should be placed with take profit and stop loss to avoid unexpected market movements causing losses.
4.27 (Sunday) This is also the first public market analysis and my own trading position sharing in the square, for reference only. If it benefits you, I will be greatly honored.
The calm range of the weekend is about to come to an end. Unexpectedly, both BTC and ETH had a wave of volume surge this morning. ETH suddenly surged from around 1800 to 1857, while Bitcoin quietly rose from 94000 to 95280. After this surge, both retreated to their initial rising points and went sideways. This surge was actually a continued test of the upper pressure levels during the leisurely weekend, with BTC's small-level resistance around 95300/95700 still being difficult to break. ETH is more volatile; it failed to break the 1840 resistance level despite trying three or four times during the week. This sudden surge to 1857 on the big weekend is quite strong, resembling a triumphant march. Unfortunately, this breakout still indicates a tactic of the market makers to clear the liquidity at 1840-1860, i.e., to induce buying. Currently, BTC's upward resistance is at 95300/95700/96500, and downward support is at 93800/93200/92500. For ETH, the upward resistance is at 1840/1870, and only if 1870 is broken can there be a chance for further gains. Downward support levels are 1780/1750/1720 in sequence. As long as support levels are not broken, there won't be a significant decline.
In the evening, I plan to place limit orders: BTC: Open short positions at 1% of total capital at 95100 and 95500, prepare to reduce positions at 94000 and set a breakeven stop loss at 92500, with a stop loss at 95800;
ETH: Open short positions at 1% of total capital at 1818 and 1838, prepare to reduce positions at 1780 and set a breakeven stop loss at 1720, with a stop loss at the previous high of 1857; Note: Second cryptocurrency is prone to sudden sharp drops or crazy surges, so orders should be placed with take profit and stop loss to avoid unexpected market movements causing losses.
Hello everyone, I am a newcomer to the square, Wen Su. A veteran player with a six-year contract, I have traversed through bull and bear markets, endured various hardships, and been active on major exchanges. After gaining insights, I have tried both high-leverage rolling positions and low-leverage stable openings. I once experienced a journey of turning 10U with high leverage into 6000U in one month, but later faced a significant loss due to violent price spikes on exchanges. Therefore, I decided to take a steady approach and aim for small profits over time. I have my own independent understanding of mainstream coins like BTC, ETH, DOGE, SOL, and BNB. Other platforms such as T-pro and Okx are mostly used by professional contract players, while Binance is the place with the most newcomers from our country. Thus, I came to Binance to share some market insights, hoping it can serve as a reference for many who want to enter the cryptocurrency space. If someone can learn from it and make a profit, it would be my honor. Currently, I have come to Binance to familiarize myself with the slippage, price spikes, trigger prices for take profit and stop loss, and other various issues using a small amount of funds. Once I am familiar, I will consider increasing my investment for live trading.