[12.3 Day Market Research Report - Positions increase, peaking begins, continue to speculate on whether the bull market is coming? Or make an exit plan? Make your own trading plan]
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Macro market:
Binance’s holdings increased rapidly, and so did its friends. A large number of option deliveries are in the 4.2 and 4.5 layouts. Big B Network’s main leverage reduction is in the reduction of positions. Among them, retail investors are still mainly increasing their positions. In the current external environment, the weakness of the DXY U.S. dollar index has emerged. U.S. stocks and gold are all in a long structure, including the current big market.
Crypto Market:
1. Review the market. In fact, every breakthrough has a second opportunity to enter the market. Don’t guess the top, just take a short-term view. Only when the structure breaks the position can the trend change. Even the recent breakthrough of 3.85, it was emphasized that the market retreated around 3.82. Enter long orders from the side. Not to mention the structural breakout that called a bull flag for a day before the breakout. So there's nothing you can't gain. If you break through, step back and step in. Pull away and don't give a chance to wait for sideways adjustment to find the step back. Don't guess and don't chase.
2. Some time ago, 3.85 was the top, and bad people will tell you that after it breaks through 4, it will start an invincible bull market. Careful veterans should have noticed that my names in the morning trading on the 24th were all tops so that I could test the bottom of 385, not the top. After that, I set two targets of 3.89 and 3.98. Even yesterday's early trading moved medium and long-term pressure to the short-term during the day.
The old rules behind the scenes are that spot prices are still rising and selling, which cannot be changed. Unless the daily trend structure falls below, it will still be a long structure. The goals are fulfilled one by one, so don't think that there is a sea of stars behind it. I can make it clear that the rebounding bulls are not real bulls. The cycle pattern is wrong. The limit of the rebound is 0.618, 4.8, 4.2, 4.5. There are too many options delivery places. We don’t need to follow fomo and make our own entry and exit plans.
Medium and long term: Pressure 4.2 4.8 Support 3.4 3.26 3.18
Short-term: Pressure 4 Support 3 3.85 3.8
3. After ETH increased its volume to 2200, it opened up the sea of stars and supported 2110 2080 1918
