$ETH From the weekly perspective of Ethereum, after a round of rebound on Monday, the drop was still relatively large. The resistance zone for Ethereum on the weekly chart is around 2780, and the pressure remains significant. If it does not touch this area, it quickly retraces. There is almost no support to bear the downward trend of Ethereum. Compared to Bitcoin, it is still too weak. Perhaps the sector rotation has not yet reached this altcoin leader. However, from the daily and H4 levels, the current retracement can still be an opportunity to establish some long positions around 2520 in anticipation of a rebound. Afterward, we will observe the strength of the rebound. If the cryptocurrency market follows the U.S. stock market and begins to trend downward around the election, I personally recommend focusing all efforts on Bitcoin and altcoins. After all, if 2520 cannot provide support and the rebound is not strong, it would be very disappointing for most traders. / $BTC Bitcoin chose to make a slight false breakout upward after two days of sideways trading over the weekend and then slightly retraced at the weekly close. Currently, this position may not be suitable for patient contract traders; instead, the 68000 area is enticing retail investors who are eager for quick gains, regretting not being on the bus. From the weekly closing perspective, the current three-day decline has merely retraced to the support of the previous two weeks. Observing from the daily chart, the current upward trend is also quite clear and healthy, with the demand for a correction within a safe range. In summary, the current position is still not attractive enough. Personally, I might choose to wait for an entry around 64500-64800 without a correction; I would firmly avoid entering without a retracement. The lowest extreme position would be around 628000-63200, and only if a quick spike occurs and then retracts would I consider adding to the position; otherwise, I will hold patiently. #币安累计交易量突破100万亿美元
$BTC p1 is the H4 market of Bitcoin. Last week's article also clearly stated that the take-profit position of short orders is around 606. If the price pierces and recovers, it can be confirmed that the right rebound is to enter the market to arrange long orders, looking at the 66-68000 area. At present, all are in place. Friends who have not completely stopped profits can reduce their positions and push the stop loss to above 64500 to let the profits run the rest of the market; in addition, the brothers who are short-handed and missed the opportunity should not rush to enter the market, and the meat should be eaten one bite at a time. Stuttering, the market will not be achieved overnight. You can wait for the next hourly technical correction of the big cake before choosing to enter the market. The first position below is around 645-63800. As the first support demand area, some long orders can be entered here. Below is the more important key support around 62400. The long and short watershed. As long as the market does not stick to this position, there is no idea of shorting for the time being. The current price is aggressive. Warriors who enter the short position on the left can only pray for good luck. Personally, I think it is better to miss the opportunity than to choose to short. - $ETH Then there is the H4 market of Ethereum. Last week's article also mentioned that if the 2350 area is pierced and recovered, long orders will be entered. At present, it is running almost in line with expectations. Although the performance is slightly worse, it is considered to be face. Tonight, as the market sentiment hit the high point of 2688, it quickly fell back, and the current rebound is weak, and the price has not yet reached the demand area around 2700. In my opinion, the prerequisite for shorting must be to plunder the liquidity around 2700, and then consider the entry of short orders when there is a decline. Otherwise, it is safer to go long on dips according to the current bullish trend; the position of taking more below 2520 can be used as the first position to enter the market, and then the key support of 2430-2450 is below. Similarly, it will not fall below, will not be sticky, and will not have the idea of shorting. It is better to miss the opportunity than to go short. The upper target after the technical pullback is tp1: 2620; tp2: 2700. As long as it stands at 2700, Ethereum will be great again! #BTC能否站稳6W6
$BTC The 64200 area must be plundered, so the current situation is to see the price feedback after the plunder, whether it gets price support near 614 or falls below it again and returns to 57500 to continue the range fluctuation! - $ETH Ethereum is not satisfactory.... The lower support can be considered to be long at 2390, and the upper support can be seen at 2490. If it breaks through and falls back, it is prepared to enter the right side around 2500. On the contrary, if the hourly candles here cannot go up, it may fall again. - Last night's first interest rate cut of 50dps is indeed not a major positive for the market, but more like an emotional rise.
But as long as you make a good trading plan, you don't need to think too much about unnecessary risks.
At present, the big cake needs to stand firm at 64200 to break the daily level of the downward structure, otherwise it will rebound again in the downward trend and continue to bottom out.
Ethereum needs to break through the resistance around 2490, which can be used as a structure to break through the daily downward trend. At present, the H4 level is beginning to show the embryonic form of an upward trend.
Don't go short here! Execute your trading plan. The good position for shorting has been missed. This is the position for you to buy more. The stop loss is narrow and the space is large. There is no reason to buy more.
Those who are still chasing shorts here are big fools. Even if you make a profit by chasing shorts, you are just a big fool with good luck!
After the Ethereum ETF was listed and traded, the expected range was so terrible?
The most anticipated news of the week was the listing of Ethereum ETF. After the trading started at 9:30 pm on the 23rd, the trading volume on the first day was still very good. Grayscale also took advantage of the news to sell a lot of volume, resulting in the market still in the range of the end of last week. From the perspective of the big cycle, there is still no obvious trading opportunity. Last night, Ethereum fell to around 3390, which is a good entry position, but it is not at the position where we accept orders. It’s okay. Good hunters are better at waiting. Then there are relatively many trading opportunities in the small cycle, which is the so-called "band market" that short-term players like most. The market moves fast and fast, and the intraday fluctuations are not small. Sell high and buy low, or the extreme left side can prefer long and short double eating. However, for traders, since they have chosen to do bands, they must also bear the corresponding risks. If you can make a lot of money in this sawtooth band market, it means that the technology is still good! Next, the old rules continue to interpret the market expectations.
#ETH bingo! Get on the bus at 3440 and weld the door shut. Target 3520 to get off the bus to ensure safety, and do not participate in the fleeting market of ETF listing and trading.
#ETH There is nothing much to say. Wait for the ETF to be listed next Tuesday night. I bet on a fall first and then a rise. Buy and sell.
In addition, the low long position of BTC: 64000-62200. Focus on these two positions, don't short for the time being! Wait for 3620 and 68600 for shorting
$BTC $ETH It is estimated that it is in the consolidation stage before Sunday. Focus on the positions of 62400 and 3330. There are no higher highs and higher lows at present, which means that the bulls are not as fierce as in the past few days. It remains to be seen. It is very dangerous to short the current market. Unless it falls below 62400 and rebounds to test this position, it doesn’t matter if you go short on the right side. After all, from a large cycle point of view, it is still a rebound high position. The two strategies below are for reference only. All strategies have stop loss positions. If you can’t stop loss, it is not recommended to intervene in the transaction. - BTC long position Enter long position: 62400 tp1: 63600 丨 tp2: 65000 Stop loss if the hourly line falls below 62200
ETH long position Enter long position: 3330 tp1: 3420 丨 tp2: 3490 If the hourly line falls below 3320, stop loss and exit. - If my opinion can help you, I hope you can also move your hands to make money and give me a follow or like, comment and forward, your support is also my motivation! Thank you!
#ETH #BTC At the same time, the market last week really messed me up. I lost 4-5 long orders with 10-20 points in a row. I didn’t dare to enter any short orders or second short orders. I did all the losses and didn’t do any profit! It’s all because of my own point of view that I didn’t dare to execute the robot to chase the short. At present, the trend on Saturday and Sunday has stabilized. I hope "you" won’t let me down this week! At this moment, I just want to hit myself on the thigh with a slipper.
Last week, I also said that if 3480 cannot be effectively broken this week, we can only look at the bottom. The decline is indeed beyond expectations. Now let's look at the daily line of Auntie. We can see that after coming down from 3980, it has been following the downward channel and trend line. This round of shorts is particularly strong. The key support rebounds in the middle are weaker and weaker, and the price of smashing the market is stronger and stronger. In the current lack of liquidity, it is understandable. In the short term, there is no sign of V-reversal and strong bulls entering the market. I personally think that there may be another deep exploration this week. The current expected downward position is around 2480. Of course, there will be a small support range at 2680. I think it is unlikely to hold up. The corresponding big cake is expected to be around 48000-47500. If it can be explored here and the daily level closes with a long lower shadow, wait for a reversal confirmation signal of 4h and daily lines. The right side can also enter the market according to the confirmation signal, and the left side can be placed to control the position. -
$BTC
Looking at the daily chart of the big cake, the M-top pattern is indeed established from the weekly chart, but after all, the big cake has been at a high level for more than half a year, far exceeding the expectations of the ETF listing. It has been fluctuating between 58,800 and 54,000, and the fluctuation is not small. In the short cycle, it may be possible to form a descending box here to wash the market, and then break the bottom downward. It is still safer to enter the market on the left side of 48,000-47,500 to bet on a rebound. Of course, the short cycle 58,800-54,000 range can also be used for secondary box trading techniques. Low-buy and high-sell is also a highly safe strategy. As long as you don’t blindly go long or short in the middle of the market, it is still a good trading opportunity. I still insist that it is healthier to explore 48,000 or pierce 52,000 once, let the retail investors who are long near 56,660 clear out, and then rebound strongly. After all, it is cheaper chips and greater profit space.
#ETH #BTC Indicator update - With such a stable and cool market, the short-term indicator signals can easily make me lie down and not bother to look at the market🥲
#BTC #ETH Market view before the weekend - the view remains unchanged, mainly looking at the strength of the rebound. If the rebound is strong, it will break the downward trend. If the rebound is weak, it will continue to rise.
After 4 o'clock tonight, the US stock market will enter the weekend. It is another two days of liquidity depletion. It is hard to say what will happen. The big thing is really coming!
Indicator review - you can see the 15-minute market. Although it is impossible to enter at a good price, the indicator is the right side of the market. At present, the review shows that you can get a good profit. Since it is a short-term trade, you should not violate the original intention of the short-term trade. I personally think that the profit of 15 minutes can be 30-50 points, which is very good. If you want to set a pattern, you can set a stop loss protection! $ETH
#ETH Late trading view — Yesterday, the US stock market was closed and the SEC gave up the pursuit of #ETH . The market liquidity was very poor. At present, the upper resistance of 3620-3650 is still valid. Unless the daily big positive destroys the falling structure, the current lower 3300-3370 can still be boldly bought. 3430 can also be lightly entered to prevent missing out.
Continue to maintain the low-to-long strategy, and control the stop loss at high altitudes!
Since you want to eat both ends, you have to take risks!
#BTC The trend of the big cake is really weak. It has been moving in the form of a convergent triangle. Looking down, I hope that ma120 can hold up and rebound strongly, that is, the position near 62800. It is not recommended to short the big cake at present. The risk of shorting is too great. Who knows when it will be a pillar.
BTC short-term resistance 662-672 \ support below 645-628$BTC $ETH