In the past few days, the analysis of the market has been quite accurate, giving a feeling of stepping on the left foot and right foot spiraling into the sky, haha!
In fact, there is logic behind this phenomenon—every market segment, regardless of rising or falling, is essentially a repeated game between support and resistance. When prices rise and pull back to support, they continue to surge; when they fall and rebound to resistance, they continue to drop. These patterns are not random but can be observed and learned. Why did it stop here? Why did it rise again? Why is there pressure here? I have been constantly asking these questions and learning the principles behind candlesticks, moving averages, and various indicators.
Honestly, I don't pay much attention to news. The original intention of trading is for comfort; if I have to keep an eye on news and information all day, I might as well just go to work. The meaning of trading lies in breaking through classes, so we must return to technology and discipline.
ETH daily observation:
The double bottom pattern has already been confirmed, and in the short term, the strategy is to buy on dips. Similar to BTC, as long as the daily 123 pattern has not emerged, the reversal signal has not been established, and we continue to wait.
Yesterday, it couldn't break through that resistance level, and the reason is very straightforward—there is just the upper edge of the daily FVG (Fair Value Gap). The market makers are filling the gap and locking in liquidity here, so there will naturally be pressure. After that, it’s highly likely to probe those cheap chips areas again.
It is recommended not to place orders and daydream; wait for clear candlestick signals before taking action. Patience often makes more money than being overly eager.
Wait for my news, and let's get in together
