Friends who have read the previous posts know that our spot trading was laid out near 2300. If you missed the first round of laying out spot positions, there may still be a second round of opportunities to get in.
As shown in the picture above, last year we made two rounds of long-term Ethereum spot trading. The blue arrow increased by 68%, and the green arrow increased by 58%. There is a detailed analysis in the pinned post. This round of long-term trading is represented by the yellow arrow, which is currently still in an upward continuation.
From Ethereum's past trends, I personally feel it is very healthy because each breakthrough is followed by a pullback to reconfirm key support levels. You can see the yellow arrow; at present, Ethereum's rise has not yet pulled back to the blue trend line near 2800. Therefore, if you missed the first round of laying out spot positions, you can try to enter when the next pullback occurs near 2800. Of course, this trade is for the long term, and it may require patient waiting. It may also directly go up with market sentiment changes, so placing low long orders is the most reliable method.
After discussing my personal analysis, let's talk about how to place orders. For long-term spot traders who are worried about missing this round of market, they can buy in batches at 3230 and 2800. Contract traders, due to high leverage, need to be more precise with their points and can place orders in the range of 2800 to 2780, targeting 3900 and 5300.
Many family members often ask me to analyze BTC. However, the current market is continuously showing large bullish candles, constantly refreshing new highs. To be honest, it is indeed very difficult to analyze at this time. At this position, it's irresponsible to let everyone enter short or chase long. I have never liked chasing highs and cutting losses because trading is not gambling. When there is no good structural pattern, we might as well shift our focus to other cryptocurrencies with better conditions, or holding cash is also a good choice, which can avoid missing opportunities.
This is the content that I would like to share with everyone in this issue of guitar. I hope it is helpful to all of you, and I thank all the brothers for their recognition and attention!
