Yesterday's US market was closed, and the BTC price was still in the oscillation range of 2.56-2.61, without any major changes. This week's key support level is still at 2.48, the resistance level is at 2.75, and the intraday short-term operation range is between 2.56-2.63. $BTC
According to the previous analysis, we can operate between 2.56-2.615. If it breaks through and successfully falls back to above 2.6, the short-term targets can be 2.63, 2.65 and 2.68. The market price has not changed much, and the fluctuation range is within 400 points, which is suitable for short-term trading. However, the altcoins have been quite lively in the past two days, especially DWF, which has driven the whole market. #BTC
Behind this strong market, we must pay attention to the need for high support for trading. Whether shorting or longing, we must grasp the rhythm to avoid the risk of liquidation. To make money at this stage, we need to implement the following points:
First, position management is very important. Even without relying on technical analysis, reasonable position management can still make profits. In addition, the main reason for losses is that you make money but cannot withdraw it. In the pursuit of compound interest, all the money earned will eventually be paid to the counterparty. Only by continuously withdrawing money can the stability of profits be improved, which has nothing to do with the level of technology. Therefore, reasonable position management and timely withdrawal are important means to prevent sudden black swan events.
From the perspective of making money, you don't need to rely on technical analysis to make a profit. According to the four-year cycle of Bitcoin, as long as the position is light enough and the varieties that can withstand fluctuations are selected, you can make a profit. On the contrary, the main reason for losses is the rush to make money, especially the rush to make big money. Therefore, you need to adjust the trading level, control the position, use skills, and be patient to survive.
If you want to make a lot of money, you can choose new concept currencies, new technologies and new funds with high volatility. But when choosing these products, you must also do a good job of position management. At the same time, another part of the funds can choose to invest in products with low volatility but stable returns, such as Bitcoin. Such products can bear larger positions.
For long-term, medium-term and short-term operations, we need to adopt different strategies:
First of all, long-term operations require rigorous logic and reasonable logical support. Mid-term operations require choosing a time when prices are lower to intervene and reducing the cost of holding positions to a reasonable level. As for short-term operations, it is necessary to keep up with the market trend and adopt trading strategies such as oversold rebound and data market conditions.
In the operation, short-term technical analysis is the main method, supplemented by fundamental analysis. It is very important to review the market in advance and make a purchase plan in advance for short-term trading. In addition, the rising methods vary. Some are gradually rising by shock consolidation, some are directly pulled up, and some are consolidating on the platform. Therefore, when choosing a product, you must be clear about your position.
In short, after reading the above content, don’t think that you have understood all the investment wisdom. The purpose of these contents is to enable us to apply them in actual combat so that we can really have something to do with the next bull market. I hope everyone can succeed in the cryptocurrency circle and make the cryptocurrency circle more meaningful!
