Weekly Trading Summary (12.23-12.27) Total Gain of 17123 Points, and Long-term Strategy for Next Week
Looking back at this week's market, the trend was relatively mild compared to the previous cycles, with no significant one-sided moves. The upper pressure at 100,000 and support at 92,500 created a back-and-forth tug-of-war, providing many opportunities for trading. This week we made a total of 25 trades, with 20 wins and 5 stop losses, achieving a total of 17100 points. All trades were genuine, with no exaggeration. Partners climbing the market have seen their investments multiply, and all trades are publicly recorded online, so feel free to verify!!
Monday 6 trades, 1 stop loss, total gain of 4753 points
Tuesday 5 trades, 2 stop losses, total gain of 2390 points
Wednesday 4 trades, all wins, total gain of 3561 points
Thursday 6 trades, 2 stop losses, total gain of 2481 points
Friday 4 trades, all wins, total gain of 4118 points
Winning and losing is the norm in this market. Those who wait until after the fact to make comments are not helpful; otherwise, they would be legendary traders. Although there were losing trades this week, it’s not something to be overly concerned about, as the cryptocurrency road is long, and a good result is more important than anything else.
Long-term personal views for next week
On the weekly level, after a wide adjustment in the upper range, bulls are once again pushing up with consecutive bullish candles to create a new high, facing resistance at around 108,500 before retracting. Following that, there were consecutive bearish candles, but the downward pressure was limited as it did not break the previous support at the 90,500 level. In the short term, the upper side is showing signs of stagnation. From a broader perspective, the trend is still upward, and the reversal signal is not strong. The brief pullback is a normal correction after the rise, and the overall trend remains bullish.
On the daily level, after breaking through the upper range, the price failed to maintain momentum and subsequently fell with consecutive large bearish candles, dropping from the upper range to below the middle range. Although there was a counterattack from the bulls, they were suppressed by the middle range and have not managed to break through. In the short cycle, it is operating under a bearish trend. Moving forward, key attention should be on the two support levels below, 92,000 and 90,000. If these levels are broken, the price may continue to drop to around 88,000-85,000. If they hold, then the bulls are likely to regain ground above 100,000.
Short-term shorts are focused around the 95,500-96,500 area, targeting 92,000-90,000. If broken, the next target is 85,000.
Long-term longs are focused around the 93,000-92,000 area, targeting above 100,000.
