No need to panic about short positions; if the previous low is not broken, it will still follow a range-converging structure. Long positions can be exited between 103500 and 103700. If the previous low is broken, consider the previously emphasized level at 101000! #加密市场回调 $BTC
The pancake has once again broken below the 103000 line, encountering resistance at the 102500 line. Short-term buy close by, just watch near 103500! $BTC
The market fluctuations remain the same. After probing the 104000 level, a pullback occurred, and it is currently back near the morning's starting point. Overall, the movements still maintain within a certain range. In the short term, the Silk Road strategy can continue around the 103000 area for short-term longs. In a choppy market, it’s better to observe rather than act, and grasp the points reasonably.#加密市场回调 However, it is still important to note that if the fundamentals explode again, the Americans will fall, and the coin price will still experience a significant drop, breaking through the previous new low, which would test the 101000 level. But for now, both sides are either fighting or negotiating, still in the exploratory phase, just pay attention!#以色列伊朗冲突
The market fluctuations on Saturday continue to feel boring as always. After a slight upward movement, it is currently consolidating around 103800. Following Lao Chen’s thinking, there is still good potential. #以色列伊朗冲突 Currently, from a technical perspective, it remains a situation of slow upward correction. However, the U.S. B-2 has already taken off. Given the true and false nature of Lao Te, it is still unknown whether it will actually come down, but considering the recent situation where the cryptocurrency price has dipped multiple times due to this, once it comes down, the market will certainly experience considerable volatility. In the short term, the target position can still be observed. Meanwhile, 105000-105500, as the previous strong resistance range, has not been broken, so a pullback can be expected. $BTC
Surely the fluctuations in yesterday's market have caused some trouble for everyone. In the market, there are those who are long-term bullish and those who firmly call for a bearish trend. However, the market cannot always be as satisfying as one wishes. So how should we respond to the significant ups and downs?
Looking back at last night's market fluctuations, after consolidating around the 106000 line, the price of Bitcoin (大饼) fell under the influence of fundamentals (with bad stocks opening high and tensions in the Middle East escalating), breaking below the previous low of 105800. Following this trend, I entered a short position, capturing 1578 points on Bitcoin. Of course, one should not rush during times of significant market fluctuations. I, too, have been mindful of this and suffered penalties from my impatience, resulting in a loss of 556 points near the market price order around 104300. Brave people enjoy the world first! The courage to cut losses in a timely manner has also brought substantial returns. Re-entering a short position successfully led my friends to stop losses and turn profits, capturing 1264 points on Bitcoin. During the consolidation in the early morning market, I also provided insights on the judgment after the competition around the 103000 line. After maintaining stability, I shared current price orders. Friends who have followed my Silk Road strategy have likely achieved good positions.
It is not hard to notice that the current market, as I have always emphasized, is primarily driven by fundamentals in the short term, while the technical aspects can only slowly adjust and recover. Under the impact of fundamentals, there are very few who can retreat unscathed. To gain something, one needs to focus on the following points: 1. Once entering the market, one needs to pay attention to the announcement of major fundamentals, including key economic data, trade monitoring, geopolitical conflicts, etc. 2. Manage your take-profit and stop-loss levels well. Fluctuations of several thousand or even tens of thousands of points have become the norm. Even the main players sometimes struggle to grasp the situation, let alone everyone else! 3. Have the courage to cut losses in a timely manner and the determination to act. In a strong unilateral trend, hesitation often leads to maximizing losses and minimizing gains. 4. Be rational and avoid emotional trading. When in a poor mindset, take a break or try a different track. Emotional trading can only damage your mindset and distort your operations.
Since entering the market, after more than 7 years of accumulation, I have gradually led many friends to safety. My mindset, skills, and experiences have also reached a satisfactory level. The market is always present, and only by achieving results can one freely discuss feelings!
The weekend market may be as uninteresting as ever. Looking back at yesterday, Bitcoin broke through the consolidation range, climbing up to a high of 106486 after breaking the level of 105500. In the evening, influenced by fundamental factors (interest rate disputes, geopolitical conflicts, etc.), the price of the coin dropped again to a low of 102255, followed by a rebound back to the range above 103000. The trend of Ethereum is similar to Bitcoin, falling to a low of 2363 before rebounding, currently oscillating around 2420.
From the daily K-line perspective, it still remains in a range positioning, with no momentum to break through the upper and lower points for the time being. In the short term, it will continue to maintain a wide-range oscillation. After the influence of fundamental factors gradually dissipates, the technical aspect will still undergo adjustments and repairs. On the four-hour line, after another dip in the coin price, there is a trend of forming a W-bottom structure, but whether it can continue to complete is still uncertain. Additionally, after the smaller timeframe technical indicators recover upwards, the overall market will be relatively slow for the time being, with a combination of upward adjustments in the short term. Short-term intraday layout combined with the lower support level for short positions is advisable. #加密市场回调 For the short-term, Bitcoin reference is 103000-103500 for long positions, looking at 104500-105000; Ethereum reference is near 2400-2420 for long positions, looking at 2460-2480. $BTC
So friends will wonder how to handle it after the rebound stabilizes at 103000? After stabilization, we can see that there is a trend of forming a W-bottom structure from the four-hour line. At this time, entering a long position with the current price for a quick rebound, we can first look at 105500, wouldn’t that be wonderful! $BTC #波段交易策略
The battle of interest rate cuts and intensified geopolitical conflicts have led to a significant downward movement in the market. The analysis of the trend dispute has also reminded everyone that breaking through the psychological barrier of 103,000 will trigger an accelerated decline. Currently, after breaking through the previous low again, we can observe the strength of the rebound. Since the rebound has not been able to break through the 103,000 level, we can continue to hold short positions at high levels, looking towards 101,000. #波段交易策略 $BTC
The large pancake dropped to around 103800 and then rebounded, oscillating and adjusting around 104200. The large pancake can have a short buy at the current price of 104100-104200, aiming for around 105000! $BTC
Geopolitical conflicts intensify, cryptocurrency prices plunge to around 104,000, with short-term support seen at 103,500; a breakdown may test the 103,000 level. #以色列伊朗冲突 $BTC
The Silk Road strikes again with precision, accurately seizing over 2000 points of space in Bitcoin, and the altcoin has also provided over 60 points of space. #波段交易策略 The converging structure of the range has been preemptively addressed by Old Chen, and the market has indeed moved upwards after breaking the level as expected. Currently, Bitcoin has retraced after touching around 106500, so in the short term, pay attention to the support situation at 105500. The technical adjustments and corrections will not be very prolonged, and after the pullback, continue to watch around 107500! The altcoin strategy continues with an initial focus on the resistance at 2580, and if it breaks, then look at 2600. $BTC
Price comparison is above 105000, long positions on the Silk Road continue to be validated, continue to look at the target point of 105500. $BTC Auntie first looks at 2550! $ETH
6.20 - Chen Lei: The price range adjustment continues, the trend of long and short battles eases, and the range convergence is once again approaching a directional choice!
20 Major Market Technical Chart: 1. After hitting a bottom last Monday on the daily chart, it clearly received strong support from below, and there is a slow recovery trend. Multiple dips have failed to break the previous low, indicating strong support.
2. On the four-hour chart, after experiencing significant volatility earlier this week, it has gradually entered a short-term triangle convergence range. The range will seek a breakout opportunity after continuous compression. The BOLL band has shifted from expansion to contraction, and the dulling of technical indicators and reversal in the short term will provide some directional guidance. However, the critical support or resistance levels after breaking the range will determine the main direction of the subsequent short-term trend.
For now, the principle of high selling and low buying within the range continues. If there is a breakout of the range limits, one can look at the key points above and below.
Regarding the trend: After the range convergence, the focus should first be on the upward pull, specifically looking at 106500-107500, with 107500 also being a recent high.
Regarding spot trading: Many friends are concerned or have asked about this issue. Below the 100,000 mark, the concentrated buying areas are below 74000, 74000-85000, and 93000-98000. Most people currently do not have the idea of selling in this area. The buying pressure above is concentrated in the range of 101000-105000, and above 108500 (which has already seen a concentrated sell-off once). Therefore, friends who have the intention to sell recently should pay attention to the 107500-108500 range.
The market saw some good point fluctuations in the early morning, reaching around the 104800 line before entering a slow rising mode. This kind of market is relatively easy to grasp, and the morning long positions were successfully taken after a slight pullback, leading to a gradual upward move! #币安Alpha上新 In the short term, without breaking the box structure, there will still be small fluctuations. Both short and long positions can be managed with limited points, but pay attention to the continuously rising low points below. To achieve ideal entry points for long positions, one should use time to gain space. The key levels above are 105500-106500-107800. $BTC Aunty continues to follow the strategy of the Silk Road!
The short multi Silk Road has provided a space of over 700 points again. Remember the characteristics of technical indicator adjustments and corrections. Small timeframes drive larger timeframes, so even though the hourly chart shows strong momentum, there will still be some space for short-term pullbacks. The subsequent strategy should continue to focus on long positions. #美联储FOMC会议 This again proves that it's not difficult to trade during a sideways market or when price fluctuations are small. Grasp the key levels to enter the market, and there is still good profit potential! Finally, let me share a saying with everyone: 'When the market is volatile, observe more and act less; when the trend is clear, be bold and charge ahead!'
The pancake briefly fell below 104000 before rebounding. In the short term, pay attention to the pressure situation at 104500 above. The reversal of technical indicators on the hourly chart will bring strong momentum in the short term. If it breaks and stabilizes, the upward trend can continue, aiming for 105500! $BTC
The comparison price briefly broke the 104000 line again, and the short position on the Silk Road is once again verified! The first key point for continuing to observe the layout remains at 103500. The overall trend is moving relatively slowly, and in the presence of signs of a bottoming out, caution is needed against a rebound! #我的交易风格 $BTC