12.5 Analysis and strategies of mainstream currencies
Preface: Action is the best medicine to overcome anxiety. Without action, dreams will only remain in fantasy. Taking action is the best response to mediocre life. If you want to do something, start immediately; as long as you start, you will gain something.
Market Review: After the crazy rise in the past two days, the market is currently in the phase of covering, and the current price of the currency has returned to fluctuate around 41800. The market fell to around 41100 last night and then recovered to stand above 41300 again, so Qiling entered the market with a long order. Later, the 4-hour closing price was above 42000, so the initial profit was taken at the previous high and exited.
Market analysis: There is nothing much to say on the weekly chart. Eight consecutive positive days indicate that the bulls are absolutely strong.
The daily line closed with a long positive, which also means that the bulls have an absolute advantage. The subsidiary indicators continue to increase in volume, and the structure is bullish. The market is likely to continue to rise or to oscillate and repair before dividing the direction. In the absence of particularly bad news, the market is unlikely to fall back directly.
From the one-hour perspective, the bulls are continuing and the highs are constantly setting new highs, but there is a certain pressure around 42100, the subsidiary indicators are opening downward, and the bears continue to increase in volume (this does not mean that the market is reversing, it only means that the bears are strengthening).
BTC intraday suggestion: Buy when the market retreats to around 41,400, with a target of 42,400 (aggressive investors should enter the market in advance) (try not to go short to catch the reversal)
The above analysis is for reference only and does not constitute investment advice.
