Bitcoin has a stop-loss signal at the daily level. It closed a hammer line at an important support position yesterday. It is likely to resume the upward trend at the daily level in the future.
Let's take a look at the trend of Ethereum at the daily level
Ethereum is relatively weak compared to Bitcoin. Ethereum's daily line is in a downward trend, and there is no obvious stop-loss signal yet.
But we can observe it from a smaller level of K-line.
Ethereum has a stop-loss reversal signal at the four-hour level. Whether it will evolve into a stop-loss reversal signal at the daily level next, more K-lines are needed to verify.
As analyzed in yesterday's article, the weekly trend is very healthy.
The large level will restrict the small level, and similarly, the small level will evolve into a large-level trend.
From this round of decline to the rebound, we clearly feel that the trend between currencies is going in a differentiated market.
And this is the real norm of the financial market in the future, that is, it is its turn between sectors, and it will go out of segmented and independent market.
And this gives us who can understand the market trend more operation opportunities, rather than blindly waiting passively.
It has just begun. With the acceleration of the market trend in the middle and late stages of the bull market, it will become more and more obvious.
If we cannot independently analyze and judge different currencies through the clues of the market trend, we will be very passive in the later market.
How to escape the top in the later stage? Does the currency in your hand still have the potential to rise? Should you adjust the position according to the trend, etc.
Understanding the market trend is a compulsory course for us to do transactions. No one can be lazy or take this shortcut.
If you are anxious, afraid, and worried every day, you might as well take advantage of the present to change and improve your cognition and professional skills. This is the fundamental and only way for us to survive in the currency circle for a long time.
Only with professionalism can you finally get the results you want. Lying flat will never have any results.
