Gather, gather, gather!
đžAfter waiting for so many days, the big cake finally came down. Since the decline from 66500, it is speculated that it will follow the ABC three-wave structure. The C wave retracement looks at two support levels, one is 59000-60000, and the other is 56500-57500. No matter where the two points retrace, the market outlook remains bullish. In the early morning, it also broke through the 60,000 mark as expected, and stepped back to the support of 59000. The four-hour structure of the C wave has gone out of the 5th small wave structure. There is a possibility of stopping the decline and going up at any time. Therefore, we will try to intervene once if the support level near 59000-60000 is not broken in the second step in the early trading. In the short term, pay attention to the 61800 resistance. If this position breaks through and stabilizes for four hours, it will be expected to go out of the bottom divergence pattern. At that time, we can see the target level of 65000-66000.
đžSpot operation strategy:
1: If you received spot goods from your pending orders last night, you can continue to hold them. If you did not receive any goods, keep the original 5% long-term bottom position unchanged, and take out 20% of the position to receive trial spot goods, and increase the spot position to about 70-80%. If the market continues to move in the fifth wave and probes around 56,000-57,000, fill up all the remaining positions. If it does not continue and rebounds directly, keep the remaining 20% ââsmall position for short-term trading.
2: For all the spot received in the morning, we pay attention to the resistance of 61800. If it breaks through and stabilizes, the bulls will continue to rebound. The original 5-year growth line bottom position has not been moved. Use the added position as a mobile position to operate
3: Continue to hold the Ethereum received last night. Look at the pressure of 2430-2450 during the day. If it breaks through and stabilizes, look at 2500-2520. Hold it for the long term, and keep 20-30% of the position for mobility. If the market moves back to the support near 2150-2250, enter the market directly.
4: Facts have proved that every time you make a profit and reduce your position at a high level, it is correct to wait patiently for the retracement structure. The retracement points mentioned will be reached. Brothers, start now. If you can't find the point, just use the current price. I will update some other currency points later.
