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 is the weekend, let me briefly tell you about the current situation.

The continuous rise has made many people who were short or bearish before impatient. They are afraid of missing the opportunity and blindly chase high prices. Yiming gives you three words today: Don’t chase high prices.

We don't need to predict where the upper resistance level is, and we can't predict it. We just need to look at the current objective facts.

BTC: After rebounding to 64126 yesterday afternoon, stagflation began to occur. Based on this position, we determined that the current four-hour lifeline is 62540. This position was also tested downward once in the early hours of this morning, and then rebounded. It is normal to rebound upward during the first pullback, as I have told you before.

The key is to see whether the hourly chart can form a new bullish trend and set a new high during this rebound. The upper hourly chart resistance is at 63326. Today, a key resistance of the daily line analyzed by our AI is at 63378, so the pressure of today's rebound in the 63326~63378 range is more critical.

ETH: The same is true. The four-hour lifeline support below is at 2515, and the upper hourly chart lifeline resistance range is 2566~2571.

Let's talk about the exchange rate: yesterday it was above the four-hour lifeline of 0.03932. This is the first time to reach the level and there should be a pullback. It does not mean that everything will be fine after reaching the level. Be patient and do not rush to chase highs. In the end, this market transaction is about who has more patience.

Message: Trading is like dancing on the edge of a knife. If you are not careful, you will be stabbed in the heart. You cannot show your head easily and you need to have enough patience.