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.

Last night, both Bitcoin and Ethereum saw medium to large positive lines. The appearance of these positive lines has certain strategic significance. BTC has stood on the daily lifeline, and ETH has stood on the four-hour lifeline. Although the current price is low, this is more significant than the rise in mid-August. The current market situation can be described in eight words: Yin declines and Yang prevails, and bulls rise.

However, it is not recommended to chase directly here. Yesterday was the first time to stand on the lifeline position. The nature of this lifeline has also changed from resistance to support. To be foolproof, you have to wait for this retracement to be confirmed. It is uncertain whether to retrace directly now or go up first and then retrace. If it goes up, the ETH: 2520~2530 range is reasonable. Transactions before the retracement confirmation are all left-side transactions. At the same price, the risk coefficients of transactions on the left and right are completely different.

The weaknesses of human nature will also be fully displayed at this time. If you want to go long-term in this market, you must have enough patience.

Message: Dreams will not run away, the one who runs away is always yourself.