2024.2.27 market analysis:

Today is another day for spot traders to wake up with laughter. The pie skyrocketed by 6,000 points overnight, from the lowest of 38,500 at the end of the year to the current 58,000, an increase of nearly 20,000 US dollars in a month. After the ETF is passed, the market will be even crazier than before, with funds in and out. Convenience means that the market will be controlled by major institutions more often. Brother Yi has said before that the future market, whether it rises or falls, will come very quickly and will not last for several months or even half a year like before. For us retail investors, the risk will undoubtedly become greater, and if we are not careful, we will lose everything, but the income will also become higher and the return on investment will be faster. This places high demands on investors’ mentality, vision, and self-control. The previous 80-20 rule will become the 19-law, or even lower.

Let’s talk about Brother Yi’s views on the subsequent trend of the market. I believe this period will be very difficult for the Air Force, especially for the indicator party. At present, from the market point of view, the 4-hour level of the pie breaks through the strong pressure level near 53500 and goes straight to 58000. I called up the weekly line and took a look. The position near 58000 is another strong pressure level on the weekly line, which has a certain suppression on the market. Yes, the trend of rsi also shows that during the surge, the power of buyers is not strong, but the increase is much greater than before, indicating that there are very few selling orders, and everyone wants to hold on and wait for the market to take off.

Looking at the 4-hour level, KDJ has diverged, and the MACD fast and slow line is about to break above the red column. To sum up, according to Brother Yi’s experience, the market will consolidate at 55000-58000 for two or three days, and wait for MACD to come up, and then It accelerated a wave to form a top divergence, and then completely transformed into a short trend, starting a big plunge.

Operational suggestion: If the market pulls back to around 55,000, you can enter long orders first, then sell them all when you get around 58,000, waiting for the upper pin. Once the upper pin appears, enter the market with short orders immediately, with the target of 51,000-48,000.

Investment is risky, the strategy is for reference only and does not serve as any basis for investment. Please grasp it rationally. In the new year, I hope everyone can gain something in the currency circle #ETH #BTC