Recently, many have asked me, saying they are chasing highs and cutting losses in the crypto market, losing terribly, asking if I have any more stable ways to make money. Actually, yesterday's market already gave the answer! The BTC 8.76 and ETH 2950 long positions I clearly stated the day before were perfectly entered yesterday and made a big profit; those who followed made gains, this is the charm of not chasing highs and cutting losses, but operating according to technical signals! Today I will share all the secrets to making money in a fluctuating market with everyone, after reading this, you will no longer be led by the market!
First, it is important to clarify a core viewpoint: in a fluctuating market, the most profitable operation is not frequent trading, but finding the key support and resistance levels, buying low and selling high. Many people lose money because they chase when the market rises and cut losses when it falls, completely ignoring the technical support and resistance. Just like the recent BTC, which has been fluctuating near the 100-day line and MA30 daily average for three consecutive days, these two moving averages are key support levels, as long as they do not break, there is an opportunity to go long. Yesterday's market retesting the support level of 8.76 was the best entry point; this is the signal given by the technical aspect, much more reliable than blindly chasing highs.
Next is today's market analysis, this part is all practical information, everyone must remember it well. For BTC, the current core resistance level is 8.95, this position is the upper bound of the fluctuation range and also a key node in the long-short game. If today it can break through and stabilize at 8.95, then the market will shift from fluctuation to rise, and the target can be seen around 9.5; if it cannot break through, it will continue to fluctuate between 8.85-8.95, at which point it can be bought near the support level and sold near the resistance level. The short-term support level is the 8.85 of the 1-hour MA256 daily average line, this position is very critical, once it breaks down, it may retest the previous support of 8.76. Operation suggestion: Buy at 8.85 on retracement, add positions at 8.78, target 8.95-9.1; short positions should only be considered when there is a top divergence above 9.2-9.5.
The trend of ETH is highly correlated with BTC, and the operation idea can refer to BTC. From the daily chart, ETH tested the MA30 daily average resistance level of 3030 yesterday but could not break through, indicating that the resistance at this position is still relatively strong. Today's core focus is on the breakthrough situation at 3030; if it breaks through, look up to the previous high of 3260; if it fails to break, it will fluctuate between 3000-3030. The short-term support level is at the round number 3000, this position is the axis of recent fluctuations, buying at 3000 on retracement is possible, adding positions at 2950, target 3060-3150; short positions should wait for a reversal signal above 3150-3250 before entering.
Finally, let me remind everyone again, in the crypto market, mindset is more important than technology. Many people clearly have the correct strategy but due to unstable mindset, a slight fluctuation makes them panic, either taking profits early or stopping losses and exiting, ultimately missing out on major market movements. The reason my strategy has a high success rate is not only because of accurate technical analysis but more importantly, I stick to my judgment without being disturbed by short-term fluctuations. If you think my analysis makes sense, please give a follow, bookmark, and like; you can leave your operational questions in the comments, and I will answer them one by one. I will continue to share operational techniques for fluctuating markets, follow me, and let you earn steadily in the crypto market! Follow me @链上标哥 so you don't get lost!
