WealthAndFortune
vip

The real risk does not lie in the market's fluctuations, but in whether we can iterate our understanding from each lesson, allowing our investment behavior to shift from "gambling" to "strategy." Maintaining reverence is key to longevity. Last night, Lao Zhao provided a bearish outlook. Fortunately, the market also moved as we expected. Last night, after being pressured at the high point around 122100, it quickly fell back to the current position where BTC stopped falling at around 119800, beginning a slight retracement. Last night, we once again positioned for a long entry and advised students to hold in a swing trading manner. BTC was around 121900, and Ether was around 3060 when we advised a short entry. In the early morning, there was a strong pullback, with BTC around 120300 and Ether at 3012, prompting profit-taking. The swing trading position yielded gains of 1600 points and 48 points respectively.


From the current market situation, the continuous bullish volume and the strong rise again indicate the strong return of the bulls. However, after a sharp rise, a short-term top formation has developed on the four-hour level, showing a trend of retreat, forming a pattern of 3 bullish candles with a small bearish candle, which is also a normal correction in line with expectations. The bulls are entering a consolidation phase for a pullback. However, the overall trend remains strong, with a slight weakness in the short term. Currently, the fluctuation has slowed down, leading to a gradual pullback and correction. In the short term, a retreat is taking place, so pay attention to the magnitude of the pullback before entering long positions.
BTC around 120500 to 119900 can be shorted, with the target first focusing on 119000.
Ether 3020—3000 can be shorted, target first focus on 2970
#BTC再创新高# #ETH突破3000#
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)