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.

After a week of warning of risks, the market finally saw a waterfall-like pullback yesterday.

Regarding the characterization of this pullback: the possibility of a third pullback to bottom out cannot be ruled out, but there is no need to worry about this pullback, as it will rise again soon.

The callback is determined by the cycle, and it can be seen from the K-line pattern on the market that the community hosting and member users have also received the results of this callback. At present, all community hosting accounts that have lasted for more than three months are in a profitable state.

BTC: Yesterday, the daily cycle fell below the lifeline of 62534. Currently, there is no bullish signal in the hourly chart and it is expected to fall further. The two key positions of the monthly line below are 57800 and 53900 respectively.

ETH: Linked with Bitcoin, the daily, four-hour, and hourly charts are all in a bearish trend. The two key positions of the monthly line below are 2260 and 2150 respectively.

Exchange rate: It has not yet adjusted back to the right level. The support below is 0.03932. Those who are bottom-fishing can wait a little longer.

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Message: Your heart should be like a bamboo forest, which rustles when something happens, and returns to normal as usual after the event.