See original
Old九歌
--
$BTC$ETH
Afternoon Market Analysis:
Last night the rain was sparse and the wind was fierce, the heavy downpour endured all night; May I ask the one holding the position, but they said they have been numb for a long time; Do you know? Do you know? It should still be a rebound.
Yesterday was truly weak to a frightening degree, always waiting for a position to short, with no good position to short for everyone, later a needle pierced through the previous low of 91500, quite frustrating; at dawn, 91 formed strong support, will there be a second test during the day?
I believe there will be, the best outcome is to test around 91000 again to confirm the bottom, forming a W bottom that initiates a rebound of 5000 dollars or more!
Isn’t there a big non-farm payroll tonight? The current bears are indeed quite strong, possibly using the non-farm release to suppress the momentum.
The main point is that this drop also has formed the 4th move, just look at the trend from the 26th to the 31st, drop 4 times and add a washout move, forming a strong rebound. The recent ups and downs have basically followed the 4 move trend, not allowing for an extra move. So if we drop below the previous low again today, that will be the 5th move, don’t think about bottom fishing below the previous low, decisively get on board around 91700! This rebound will be at least 5000 dollars! With a loss at 91, the cost-effectiveness is already very high, if it were my operation, I would be willing to stop loss at 905, risking 1000 to gain 5000, what do you think?
Every time there are 4 moves, a段级别 reversal appears, this time is probably no exception, but trading is just about waiting for the right position, those who should come to catch the pullback will still come!
The resistance above is around 94000, here you can short a small position for a gain of 2000 dollars! The position is not great, and the size cannot be large, with a stop loss of 300-500 dollars!
Looking at Ethereum's trend, observe the Bollinger Bands channel, currently there is also resistance above at the position of 3265-3285. The hourly chart is about to show overbought, but Ethereum should safely wait to go long on a pullback because there’s no need to short Ethereum at 3200, it would be better to wait for a bottom-fishing signal to come out. Ethereum's last rise from 3200 to 3700 should have at least half a position for those who should have held, right? Wait for another opportunity to enter around 315, and continue to add positions at 3045. If it drops below 3000, prepare to open a coin-based position, and if it doesn’t break the spot, continue to high sell and low buy.
Afternoon Market Analysis:
Last night the rain was sparse and the wind was fierce, the heavy downpour endured all night; May I ask the one holding the position, but they said they have been numb for a long time; Do you know? Do you know? It should still be a rebound.
Yesterday was truly weak to a frightening degree, always waiting for a position to short, with no good position to short for everyone, later a needle pierced through the previous low of 91500, quite frustrating; at dawn, 91 formed strong support, will there be a second test during the day?
I believe there will be, the best outcome is to test around 91000 again to confirm the bottom, forming a W bottom that initiates a rebound of 5000 dollars or more!
Isn’t there a big non-farm payroll tonight? The current bears are indeed quite strong, possibly using the non-farm release to suppress the momentum.
The main point is that this drop also has formed the 4th move, just look at the trend from the 26th to the 31st, drop 4 times and add a washout move, forming a strong rebound. The recent ups and downs have basically followed the 4 move trend, not allowing for an extra move. So if we drop below the previous low again today, that will be the 5th move, don’t think about bottom fishing below the previous low, decisively get on board around 91700! This rebound will be at least 5000 dollars! With a loss at 91, the cost-effectiveness is already very high, if it were my operation, I would be willing to stop loss at 905, risking 1000 to gain 5000, what do you think?
Every time there are 4 moves, a段级别 reversal appears, this time is probably no exception, but trading is just about waiting for the right position, those who should come to catch the pullback will still come!
The resistance above is around 94000, here you can short a small position for a gain of 2000 dollars! The position is not great, and the size cannot be large, with a stop loss of 300-500 dollars!
Looking at Ethereum's trend, observe the Bollinger Bands channel, currently there is also resistance above at the position of 3265-3285. The hourly chart is about to show overbought, but Ethereum should safely wait to go long on a pullback because there’s no need to short Ethereum at 3200, it would be better to wait for a bottom-fishing signal to come out. Ethereum's last rise from 3200 to 3700 should have at least half a position for those who should have held, right? Wait for another opportunity to enter around 315, and continue to add positions at 3045. If it drops below 3000, prepare to open a coin-based position, and if it doesn’t break the spot, continue to high sell and low buy.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
1
0
Replies 0
Explore the latest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number