There's a saying, how does it go? After a good sleep, I've taken profits again!
Many fans will ask, Caishen Caishen, how can you accurately capture the rebound after a consolidation for two consecutive days?
Today, I will provide some solid content, analyzing my entry basis and judgment in detail. Most importantly, my method has a success rate of up to 70%! Even beginners can learn it quickly!
As shown in the figure, it is known that around 2920 is a support level, and at that time ETH was around 2820. This support level will turn into a recent resistance level. At that moment, it was in a post-decline oscillation upward and showed a trend of rising. The market has been continuously declining recently, and most short sellers' strategies are to short at high levels.
In circumstances where the market needs to continue to decline, one definitely cannot be too heavily invested. It is necessary to liquidate some short positions. Most short sellers will place their stop-loss positions around 2930, so there is a high probability that the market will need to break this level before continuing to decline.
At this time, entering a long position still has a high probability of success. The decline is for a better rise, and the rise is for a better decline. Only after shaking off the short sellers can the decline proceed smoothly. My take-profit position is very conservative, 20 points away from the support zone, to avoid being unable to effectively break the support level and thus unable to take profits, leading to profit loss.
What seems like a simple strategy actually contains position management, risk control, news analysis, technical analysis, and market psychology; all these elements are indispensable.
Currently, with Japan's interest rate hike approaching, the market is quite active every day, with hundreds of points of space available for profit. If we can seize these opportunities, we can also quickly turn over in the current market.
Now that the market is continuously declining, one must be precise about timing before taking action. If you still cannot determine the direction and cannot control your position well, I usually share some cutting-edge information and solid strategies. Follow me, and let's seize the big opportunities together!
Courage is equal to wealth; what you lack is not ability but courage. Earning over a thousand every day,
厦门烨神金融集团
--
It is crucial to achieve, starting with small tasks. Start from a little bit, enjoy the joy in your heart, say goodbye to internal struggles, stay away from unhappy people and things, constantly hone your mind, make yourself stronger, have a beautiful day, good morning!
Bitcoin has consolidated after a sharp drop, and the battle between bulls and bears has officially begun!
Bitcoin has fallen sharply again, directly breaking below the key support level of 87000. Now Bitcoin is in a state of consolidation, and it seems challenging to break through the important threshold of 89350.
After Bitcoin fell below the 87500 range, a new round of downward movement was triggered. The current price is not only below 88000 USD but also below the 100-hour simple moving average. From the BTC/USD hourly chart, a bearish trend line is forming, with resistance at around 88500 USD. If Bitcoin can stabilize above 89350, the possibility of further upward movement is comparatively high.
Bitcoin's price has struggled to stay above 88500 USD, leading to a new round of declines, and it has even broken below the 88000 support level. The price once fell below the 86500 support level, but fortunately, the bulls made a strong effort around 85000. The price formed a low near 85151, and then began to rebound and correct.
However, the bears are also active around 89000, and currently, Bitcoin's price is below 88000 USD. At the 100-hour moving average here, if the bulls can continue to exert effort, the price may further rise. Direct resistance is near 88000 USD, with the first key resistance at around 88500 USD. Moreover, on the BTC hourly chart, a descending trend line with resistance at 88500 USD is forming.
Will Bitcoin's price fall again?
If Bitcoin cannot break through the 88500 resistance level, it is likely to trigger a new round of declines. Direct support is near 87000, with the first major support around 86500. The next support level is around 85500, and if the price continues to fall, it may further test the 85000 support level in the short term. The main support level is at 83500; once this support is broken, Bitcoin is likely to accelerate its decline in the short term.
The market has experienced a sharp drop; next, I will prepare some suitable coins for bottom fishing as a recovery plan. If you feel lost and helpless, follow me! Choosing is greater than effort! #美国非农数据超预期 #加密市场观察 $BTC
It is crucial to achieve, starting with small tasks. Start from a little bit, enjoy the joy in your heart, say goodbye to internal struggles, stay away from unhappy people and things, constantly hone your mind, make yourself stronger, have a beautiful day, good morning!