Yiming's Trading Diary
All contents in this article are personal opinions and are for learning and communication purposes only. They are not used as a basis for investment. If you act based on them, you will bear the risks at your own risk.
Today, I will share with you the current structure of BTC and ETH:
First look at BTC
The four-hour spot K-line structure of BTC has changed and has fallen below the four-hour bull lifeline, around 64,100. The first retracement to this position was early yesterday morning. There was a rebound at the first retracement, but the height was not high enough and it fell below it again last night. This is not a good signal for the spot.
BTC and ETH There are four structure patterns in total for spot and contract. Although they are highly similar, there are still slight differences. The structure pattern of BTC spot is the first to fall below the four-hour bull lifeline. .
Let’s look at ETH
For this variety, let’s look at the contract structure.
The four-hour bull lifeline is at 3375. It has retraced twice. Although there have been rebounds both times, the strength has been obviously weakened. I believe there will be a high probability of a third and fourth rebound in the future. The further it goes, the greater the probability of breaking.
Yiming's analysis here is entirely based on the K-line pattern, without any uncertain factors such as news or fundamentals. Respect the market and respect objective facts.
Message: Trading is a marathon. It’s not about speed, but about persistence.
