Urgent Notice⚠️⚠️In the previous article, we analyzed the impact of European interest rate cuts and currency wars on the cryptocurrency market and explored some possible entry points. Now, let's take a deeper look at how to choose an entry point and how to manage risk. Strategy is at the end😂
1. Market Dynamics Analysis
At present, the cryptocurrency market is still volatile. Bitcoin and Ethereum prices have risen recently, but there is still uncertainty in the market. In addition, changes in the global economic situation and policies and regulations may also have an impact on the cryptocurrency market. Therefore, when choosing an entry point, you need to pay close attention to market dynamics and relevant news.
2. Determine possible entry points by analyzing technical indicators such as cryptocurrency price trends and trading volume. For example, you can pay attention to Bitcoin's daily and weekly charts to look for signals that the price has broken through important support or resistance levels.
Support and resistance levels: Support and resistance levels are important concepts in technical analysis. When prices fall to support levels, there may be a rebound; when prices rise to resistance levels, there may be resistance. Support and resistance levels can be determined based on historical price data and market psychology, and entry points can be found near these positions.
3. Set stop loss and take profit. When trading, it is very important to set stop loss and take profit orders. Stop loss orders can help us stop loss in time when prices fall to avoid further losses; take profit orders can help us make profits in time when prices rise to avoid missing profit opportunities.
4. Strategy: You need to consider multiple factors when entering the market, and formulate a suitable trading strategy according to your own situation. Now is the best time to enter the market.
Abi 3738 has entered the market with multiple orders, stop loss: 3675, and stop profit is not set for the time being. Just look at Abi's signal in time! ! Friends who haven't got on the train yet, hurry up! Go, go, go
LIVEThe European Central Bank officially announced that it will announce a rate cut at 22:15 on June 6. Once Europe starts to cut interest rates, it can be announced that the two-year interest rate hike in the United States has completely failed. This means that Europe and the United States are parting ways in finance. There is a huge rift in the capital interests of Europe and the United States. It can basically be announced that the US interest rate hike cycle has completely ended in failure. Once Europe starts to cut interest rates, the exchange rate of the euro and the US dollar will begin to decouple completely, which means that a new round of currency wars around the world is about to begin! ! 😱
So is the European interest rate cut and currency war good news or bad news for our cryptocurrencies? 🤔
On the one hand, it may drive up the price of cryptocurrencies because they are regarded as a safe-haven asset.
On the other hand, currency wars may lead to global economic instability and large fluctuations in cryptocurrency prices.
Therefore, Abi believes that the rebound and pullback last night is also a good time to get on board. Yesterday, Abi publicly published a post to enter the market with a long position at 3739, and perfectly stopped profit at 80 o'clock after 1 o'clock in the morning✌️
So today's strategy: E TH can continue to take long orders when it pulls back to 3740-3650. The position is still the focus.
BTC friends also entered the market with long orders. #热门话题 #BTC突破7万大关 #ETH大涨 $BTC $ETH #降息期望 #欧洲央行降息
