Short-term trading, saving on transaction fees is the most important. I have always used the platform for short-term trading #binance 1. Many popular coins 2. High fee discounts 3. Ranked first in contract liquidity 4. High security 5. Can find someone immediately if there is a problem Fee discount link: https://www.marketwebb.me/join?ref=Y96DETON
The Ethereum weekly chart with these candlesticks makes people's scalps tingle; if the direction taken is wrong and there's no stop loss, it can liquidate you in minutes 🤡#ETH
Goodness, the pullback rebound in the early morning is quite weak. If I hadn't gone to sleep with a breakeven stop on the long position at 2720, I would have been stuck badly now #ETH
Bitcoin has risen to $110,000 after breaking the downtrend, but there is still a potential double top bearish liquidity that has not been cleared,
approximately around $110,700. Therefore, we can primarily focus on going long on a pullback, while short positions can be temporarily abandoned.
Once a double top is formed and a bearish signal appears, then we can consider going long. So currently, we can consider trading with the trendline as support.
At present, we can focus on two levels: 1: K-line support at $108,800, 2: Trendline support at $107,200 #BTC
Last night's market movement was not unexpected. Yesterday, I clearly stated to wait for a pullback to the 106800 level to close out my short position and go long, but it only missed the entry by 0.3 points before it shot up. I also didn't decisively close my position manually, so I guess it's a lesson in stubbornness.
Currently, the market is really hard to trade. I want to short but I don't dare, and the level to go long is too high. There hasn't been an upward continuation or a short-term small range fluctuation, making it difficult to judge. Since I can't make sense of the market right now, I will just sit tight.
I must say, the news about US-China talks is too strong, and the shorts have been squeezed. However, we can pay attention to the potential liquidation area for shorts, which is around 111144. Also, there is tomorrow's CPI data.
Ethereum 6-9 Outlook: Reference 1H Ethereum dropped to a major range for a rebound action over the weekend, facing resistance at the upper edge of the previous range + Fibonacci 0.618 before declining.
Subsequently, pay attention to whether the 2450-2460 support can rebound, which can be regarded as the first potential bullish position. If it can't hold here, then a retest of the lower 2400 may be needed. #ETH