Taking advantage of the weekend's calm, let's share my views on the overall trend and short-term trend of Bitcoin and Ethereum!
After oscillating for nearly a month, it finally succumbed to the pressure. Lao Xiao mentioned that this decline was to be expected. Friends who understand trend lines should be able to see that the alligator line has been enclosing the jaws since July 20th, and by July 26th, the upper jaw completely enclosed the lower jaw, signaling the beginning of the storm. Therefore, Lao Xiao has repeatedly emphasized in both the live trading group and various media that the trend is bearish, and any rise is an opportunity for us to short. But how many people have seized this opportunity? Therefore, this decline was completely within Lao Xiao's judgment!
The live trading group is the same, encouraging everyone to short rather than go long. Firstly, the trend line, and secondly, the impact of the global economy has led to overall market sentiment being low. With these two factors combined, there is no reason for us not to short. Although it has been oscillating for a long time, the trend line has not changed, and my strategy has also persisted. I am also grateful to the friends in the live trading group who have persisted with me and achieved the desired results!
Today is the weekend, so first of all, I wish everyone a happy weekend. The steep decline on the 17th and 18th has led to the need for technical indicators to be repaired, so there should still be a period of oscillation and chip absorption in the near future. Currently, the short-term resistance for Ethereum is at 1700, with support at 1620. Friends who are trading short-term can focus on these two points for high selling and low buying! After a big rise or fall, the oscillating market is a good opportunity to recover losses. Friends who have suffered losses or have open positions must seize this opportunity!
For Bitcoin, the short-term resistance is at 26300, with support at 25600. The operation should also revolve around these two points for high selling and low buying. I hope the support below the big pie can hold, otherwise it will head towards 20,000. That's all for today's short-term strategy. Specific operations still depend on the changes in the market. As the market changes in real time, specific operations are mainly based on Lao Xiao's live trading group. Lao Xiao will notify everyone in the group of market entry, exit, and other changes in a timely manner, allowing everyone to get first-hand information!
The market is ruthless, but people have feelings. For more coin analysis, you can find Lao Xiao for real-time communication. Lao Xiao is a professional in contract and spot guidance for many years, and has a certain insight into market analysis. He can tailor position control and fund management for you. If your operations are not ideal and you want to follow my operations, remember to find Lao Xiao's work number (Lao Xiao said Coin Diary). I hope you are a dedicated person and can definitely find me! Let's create brilliance together and make every day beautiful! There is a sequence to learning, and a focus to skills. Friends, I am very happy to have met you!
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