#pepe #btc

When the market falls, panic; when the market rises, fomo. "Is it you? I hope not.

2024/4/29 Share:

After BTC rebounded with ETH over the weekend, it has been falling since last night to test the previous low point for the second time. Market view: Keep the previous article unchanged. Due to the continuous continuation of the short structure, it is highly likely to look for the next support position before the short structure is broken, that is, the heavier buying zone (as shown in the figure; the previous article also reminded many times). Here, the high point of yesterday's rebound is the buying zone on the left side that I have always said, which has changed from support to resistance (commonly known as the support-resistance exchange position). Trading opportunities: Continue to wait for the next buying zone to find opportunities to go long (light position on the left and heavy position on the right). Don't chase shorts, don't chase shorts, don't chase shorts! I will update and remind you in time when the subsequent weekly short structure is generated, but don't chase shorts at this position. Remember one sentence, look for buying points in the buying zone and selling points in the selling zone.

Pepe also ushered in a wave of rebounds with ETH over the weekend, and is currently in the second test. Market view: Keep bearish, except The non-short structure is broken. Friends who have short orders like me can look at the chart to find the target position and gradually stop profit. Keep the position to play the final buying zone of the 4-hour short structure. Trading opportunities: The 4-hour short structure is established. The short stop loss should be around 0.8. Choose whether to enter the market according to your own position and stop profit position. The stop loss is based on the position in the chart; the stop loss of those who have entered the market is moved down to the high point of the weekend.

Finally, I would like to add that whether ETH is strong or weak, you don’t have to guess the reason. The market will tell you everything (the market is always ahead). It is meaningless to guess whether it will continue to be strong or start to weaken. It is better to pay attention to the structure and learn to play on the right side. The recent structure of ETH is worse than that of the big cake. I will share ETH later.

The market has been moving very slowly recently, but it is also in line with expectations. Don’t be a hindsighter or a big shot. Follow the market for intraday sharing and follow the market for trading. If my sharing is helpful to you, follow me and I will share market analysis and trading opportunities every day.