Today will post an article, market thinking on the big cycle, a very important article for the entire bull market cycle
1.BTC
- Review: Yesterday morning, the recovery was supported by the previous support low and recovery target of 6.45. A callback was made here at the same time and the target was reached at 6.2-6.15.
- The daily line continues to decline, but the important turning point is still the 5.9 level we talk about every day. If it doesn't break here then that's a 5.65--6.55 callback level. If it falls below 5.65 then it cannot be expected to be a starting point.
Supported by the 6.55 and 6.45 sell orders, only the tail position remains here
- The target has been achieved so there is no reason to chase short positions when the support level is so close
- First support of the day: 6.15-6.2 (this range can recover) Pullback pressure at 6.3, where you can intervene in the callback sell position [sync time delay, this position is invalid and then consider it when checking on the right side]
- Support search method 5.65---6.55 Draw Fibonacci to divide positions
- Through these items, you can see that trading is not just about long or short, pay less attention to long and short and understand the idea more.
2.ETH
- Ether, whether it was the previous head and shoulders pattern or the reverse pressure of 3230, yesterday's 3125 was eaten step by step
Yesterday there were still expectations of recovery. Before it got stronger today, I did not intervene in the rally before reaching the position
- Still protects the 2968 range
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