Fuzhi Evening Hang Order Strategy: (Chasing Nine Consecutive Wins)
Brothers and sisters, good evening. The day before yesterday, I told everyone to continue holding the short position. Now, how should the brothers who are in cash position layout?
First, let me talk about the key support level of 93500 for Bitcoin. Follow the trend to trade. From the K-line chart of Bitcoin, it has entered the phase of long and short game. What I am going to say next may be similar to the idea of laying out short positions in the morning! From the four-hour K-line chart, the rising channel of Bitcoin may oscillate in the range of 90 million for a month. After all, last month, the monthly line saw an increase of tens of thousands of points, which everyone can witness, it was too strong. You can refer to the four-hour market, Bitcoin fell below 98000 the day before yesterday, rebounded to around 97000 after hitting 93000, and started to rebound at the second-line support position of 94500 (yesterday we should have been a bit more aggressive and laid out low long 😂). Now chasing long positions is not very meaningful. Looking at the weekly K-line chart, it presents a T-shape (wait a moment, I will explain the characteristics of T to everyone), and for layout, I will consider short positions at 97000 and 98000.
What is the T-shape?
Its significance is that at the end of the rise, it is a signal of peak and bearish; during the rise or fall, it is a continuation of the trend; at the end of the fall, it is a signal of stopping the decline and rebounding.
Ethereum support position focuses on 3550.
Summary:
BTC
Low long: 93500-92700 Stop loss at 91000, take profit above 95000.
ETH
Low long: 3550-3530 Stop loss at 3480, take profit above 3650.
