Interpretation of Bitcoin: If Bitcoin cannot stabilize at this position and breaks below the 4H testing range, it will need to probe lower. However, once this position successfully tests strong support again, the converted support will also become stronger. This requires a relatively long process to emerge from the current market, as there are signs of forming a top given the current market sentiment and various factors. If sustained volume-price supply is not met, Bitcoin is likely to remain in a range-bound operation, and before the next explosion, there will surely be a significant washout. Just be patient and wait!
Interpretation of Ethereum: Ethereum was quite strong this morning, with a small level of exchange rate directly surging with volume. Currently, we are looking at whether the 4H EMA moving average pressure can be broken through. If it breaks, the upper space will open up, and there are expected opportunities for an accelerated surge. The 4H chart has formed a triangle pattern; I've been saying there are expectations for a follow-up surge, but there has been no sustained volume entry. However, for long-term spot holders, short-term prices do not affect much. I believe it is inevitable for Ethereum to break new highs. If none of the princes other than Bitcoin can break past their previous highs to hit new highs, then this market is really scary. Ethereum is also the highest consensus token apart from Bitcoin; the future development of spot trading is definitely promising. If market sentiment drives it, prices will once again hit new highs. Just wait and see! The current price is 3422 USD, which can be noted!
Back to the main topic: Many people like to see Qiuzi share spot trading, including personal thoughts and directions. The space brought by spot trading is relatively good, after all, Qiuzi shares are mostly personal favorites with some targets doubling or tripling; 50%-10% returns are really too many. Of course, there are also cyclical things that can get trapped, as the entry timing and market direction differ, which determines the outcomes. However, following the thought process to operate and ambush the main topic will certainly yield decent returns, including the recent spot trading shared the day before yesterday, RSS3 at 0.128 USD, has already seen a maximum space of 13%.
The current market situation and trend gameplay is not the same as before, and it is not a one-sided market. The profit margin in good segments is indeed quite considerable.
Under what circumstances can one hold for a long time? One is if the entry position is relatively high and the market drops, leading to being trapped. There may be opportunities to add positions, but if the favorable conditions haven't arrived, performance can be disappointing. The other case is if the entry position is quite good and the potential is consistently promising, but the expected value hasn't been reached (I've noticed many people have this misconception): it's not about how much higher the previous peak was compared to the current value. Brothers, how many old coins have been eliminated, and how many new coins are there? Why do we keep living in the past of this token? For example, what was the historical high of FIL? 237 USD, and now it's 5 USD, nearly a 50x difference. How many people are trapped at the top? Its era has already become history. If you can't keep up with the market's development, you will slowly be eliminated; even if you are not eliminated, it will be like now, neither hot nor cold.
Combining the characteristics of this bull market, VC coins are basically not doing well. How many people have been achieved by the strong rise of meme coins? Is it possible for holders of these old coins? What if it increases by 5 times or 10 times? Meme coins are in the hundreds, thousands, or even tens of thousands. You still need to follow the market's hot trends; even if you can't get a big piece, if you don't be greedy, following along for a sip of soup is definitely fine!
The more I talk, the more off track it gets. Let me share a token: simple and straightforward, the current price is 1.58 USD. Enter the main position directly, and place additional purchases at 1.35 and 1.25. Don't ask about the nephew; next year will be a wild bull market. Even if you're trapped in the short term, you should think about adding positions, not cutting losses! Reasons for optimism: the DeFi sector, and the strong coins in this track are well-known. THENA is an innovative decentralized exchange (DEX) and a liquidity layer built on the BNB chain. The development behind Binance Chain will only get better; this is beyond doubt. As the market understands more, the potential will also increase! On the technical side: the selling pressure from earlier has been digested a lot, and it has been online for a year, which also aligns with expectations for an explosive surge. It is slowly emerging from the bottom range already; if it breaks through the EMA moving average on the 4H chart, the upper space will open up again, and the selling pressure above will also decrease. The cost-effectiveness of entering at this position is still good.
One-on-one started entering in batches at 1.2, and the current space is quite good. Some have already been partially cashed out, but Qiuzi has been holding on; short-term fluctuations are also quite good!