In day trading, what should you pay the most attention to?
In day trading, what should you pay the most attention to? Many people do day trading, and the most troublesome thing is 'watching the market too closely.'
Eyes glued to the screen, with the market fluctuating wildly, your heart is also restless. Unknowingly, you’ve been 'taken away by the market’s rhythm,' completely forgetting what you originally wanted to do.
What’s the result? Often, it’s blindly chasing the ups and downs, with emotions following the candlesticks. In the end, it often results in significant losses. Therefore, what you should really pay the most attention to in day trading is 'to prepare a plan in advance.'
$ETH On the night of May 20, Ethereum filled the gap below (2440) and began to rise; currently, the price is near the resistance level in the 2550 area; the intraday strategy is mainly to buy on dips, looking for a breakthrough in the 2550 area.
Long entry opportunities: Hourly support at the 2490 area, a pullback to this area with a slowdown in price decline; if the candlestick body price narrows + corresponding volume expands, you can enter a long position! Looking for a breakthrough in the 2550 area with a second target at 2600 and a stop-loss at 2460.
$ETH Don't rush to go long Ethereum has experienced a wave of overselling, but there hasn't been a signal of a strong rebound in the candlestick chart. Instead, it is consolidating in the 2480-2500 range. The bullish rebound is weak.
We can pay attention to the 2430 area during the day and observe the candlestick dynamics at this position.
The Ethereum 1550-1530 area has not been broken; during the night, we tested this support position again and started to rebound! Today's previous high (1680) has potential.
April 11 Cryptocurrency Market Update: Intensified Long and Short Battle, [Focus on Key Levels!] Includes Precise Strategies + Risk Warnings
I. Market Analysis 1. Bitcoin (BTC) experiences violent fluctuations. Yesterday's intraday fluctuation range: lowest near $78,500, highest reached $83,500, with a 24-hour decline of about 6%, current price in the $80,000 range. Key resistance/support: short-term resistance at $82,000 (daily Bollinger middle track), support at $79,500 (around the 50% position of a large bullish candle and resonance at the neckline position). 2. Ethereum (ETH) follows with a rebound. Yesterday's fluctuation range: lowest $1,475, highest $1,670, current price around $1,540, with a 24-hour decline of about 12%. Key intraday resistance/support: resistance at $1,600, support at $1,500.
The candlestick must closely follow the trend line; if the price of DOGE fails to break through the level of $0.1770, it may decline again. The initial key support level on the downside is at $0.1550 $DOGE #合约养家
3.31 Bitcoin falls below $80,000, potentially triggering $520 million in long liquidations! Fear index at 34 + tariff risks exacerbate crypto market turmoil.
1. If Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEXs will reach $529 million. On March 31, according to Coinglass data, if Bitcoin falls below $80,000, the cumulative long liquidation intensity on mainstream CEXs will reach $529 million. Conversely, if Bitcoin breaks above $84,000, the cumulative short liquidation intensity on mainstream CEXs will reach $939 million.
2. The market maintains a 'panic' sentiment, with today's cryptocurrency fear and greed index at 34. On March 31, according to Alternative data, today's cryptocurrency fear and greed index is 34, maintaining a 'panic' state. Last week's average was 45 (panic), and last month's average was 20 (extreme panic), indicating continued low market sentiment.
3.29/Bitcoin breaks support, U.S. FDIC relaxes bank cryptocurrency activities! How to operate now?
The U.S. relaxes restrictions on bank cryptocurrency activities, and the new regulations eliminate the FDIC's prior approval requirement: The Federal Deposit Insurance Corporation (FDIC) issued new regulations on March 29, allowing banks to engage in cryptocurrency-related activities without prior regulatory approval. This policy shift marks a significant change in the attitude of U.S. financial regulators towards digital assets. FDIC Acting Chairman Travis Hill stated that this adjustment aims to support financial innovation and remove barriers for banks participating in blockchain and cryptocurrency projects. The new regulations abolish the previous requirement for banks to report cryptocurrency activities in advance, reflecting a reassessment of the restrictive policies implemented after events such as the 2022 Terra stablecoin crisis.
From the 4-hour chart, SOL is currently maintaining an upward trend, but the current price level may still need to complete a pullback correction. It is recommended to pay close attention to the price reaction in the support area of $136. $SOL
The resistance target above is $146, and subsequent movements need to observe the breakout situation.
$BTC I never envy the high returns of others. As an outsider, I can only see the current account returns of others, but I cannot see the effort and sweat they put in behind the scenes. I cannot truly understand the pain and anxiety they have experienced from countless liquidations. Still, it is said that in the trading market, those who can laugh last are definitely the risk managers, and more importantly, they are those who control their own emotions. #Trading
Does Bitcoin currently have a potential bearish wedge pattern?
Bitcoin currently has a potential bearish wedge pattern. Can it move like this? That remains a question. However, it is clear that a one-sided market has not yet arrived, and it is advisable to take profits when possible.
Bitcoin (BTC) Trend Analysis From the BTC 1-hour candlestick chart, the price is currently around $84,000, showing a fluctuating consolidation trend. Both upward and downward movements in the market are constrained by important support and resistance, preventing the price from forming a clear one-sided trend. Key Support and Resistance Short-term support zone: $83,300 - $82,500
Why trade with a light position? Because a light position is less likely to trigger human emotions in the market. If the market triggers human emotions, whether it's a big profit or a big loss, the consequences will inevitably be terrible.