Looking back at yesterday's Bitcoin market, the price of Bitcoin started to rise in the 27100 area in the morning, and reached a high point of 28500 at midnight. It has been more than a month since the last 28500. This round of rise has once again made the bulls regain their confidence. When they were ready to make a big move, they were knocked unconscious by the bears. The low point of the price comparison in the early morning of today returned to the starting point of yesterday, 27200. Such a fluctuation of more than 1,000 points in a short period of time is undoubtedly a catastrophic wash for retail investors who do contracts. For those who can still survive in the market, whether it is because of technology or luck, I want to have a good chat with you.
Greed in trading means that after making a profit, one wants to make a bigger profit, or is unwilling to close a position when the profit is small and the position has reached an important point. Human desires are endless. We want to achieve perfection in everything we do, but knowing when to stop is the best choice. Regarding the temptation of the market, we must first know a simple truth. This market has many profit points, but we cannot grasp all the profit points. We should strive to make the most profit in the trends that we can grasp, and not expect to make a profit in the trends that we cannot understand or are vague. Therefore, during the entire trading process, when the trading system has issued a strong signal to indicate that you must leave the market, you must leave decisively, even if you are losing money.
The current Bitcoin price is running at 27500. The Bitcoin small cycle is moving in a wedge oscillation. The upper trend suppression is a short-term suppression performance, which basically maintains the downward suppression performance of Bitcoin since its recent high. Therefore, there should be a huge top suppression on this trend line. After the currency price rushes up to the trend support, it will not immediately break through. Therefore, this suppression price is an excellent price to enter the short position! At present, Bitcoin still maintains a certain upward trend, and it is precisely because of the current good upward trend that the K line has the opportunity to touch the upper trend line suppression price, which is an excellent opportunity to turn to short operation!
Evening big cake idea: 27600 area and short, target 27000
Evening Ethereum Thoughts: 1660 area and short, target 1600