Ten years to sharpen a sword, there are reasons for the ups and downs; Bulls and bears do not love war, it is safe to secure profits.
Hello everyone, I am Tommy, a crypto economist, a trader rooted in the currency circle, and I have been studying Ethereum (ETH) for 6 years. First, let me talk about the three things I don't do in my trading: don't trade when tired, sleepy, or exhausted; don't trade when in a bad mood; don't trade when unable to understand the market trends. (In a bad state, one cannot perform at a normal level, leading to significant errors in market judgment.)
Follow K-line Life Tommy Official Account: Opportunities are created in segments every day, there is no need to rush, the original intention has never changed. While creating profits, focus on professional risk control, making investments valuable, walking for the long term, and not letting down the encounters and trust in the past. I am available 24 hours a day for real-time guidance. If you have any questions, you can leave a message. All strategy ideas are open and free, and the only designated account to follow. Do not estimate the market with your own financial resources, and do not let the amount of profit or loss affect your determination! - Tommy
Review: The short position at 1645 given yesterday once again met expectations. From the current market situation, with the SEC postponing the decision on Bitcoin's ETF, the anticipated positive impact from the news did not materialize. The evening's non-farm data did not show a substantial turning point for the overall market. The double bottom at 1640 did not form, and the short position completely entered an absolute dominant control of the market. In just half an hour in the evening, the rapid decline led to liquidations close to 230 million US dollars. As I marked for everyone on the market yesterday, the current bull-bear chip concentration zone of 1720-1680 belongs to the bull-bear chip battle zone. If it breaks below 1680, the bearish advantage will be stronger. Breaking below 1650 will bring the bears with absolute dominance into the 1640-1580 range below. Therefore, as the bearish top of 1650-1580 range below, it is advisable to continue to short at high levels. Of course, I also mentioned to everyone that after this wave of decline stabilizes, the reversal of the medium-term trend is an opportunity for medium to long-term investors. At the bottom, you can enter the spot market in batches and lay out the mid-term contracts. Short-term operation recommendations still revolve around the 1650-1580 range. If the strong support at 1580 is broken, continue to look for the bearish target at the 1470 level. Friends who like new coins can pay attention to Cyber in the near term. You can take a light short position at the high level, and the pullback space can be seen as a 25% pullback ratio. Near 9.7-8.5.
Ethereum's short position top is near 1640, and you can enter a short position with a stop loss at 1675 and a take profit at 1610-1580.
Bitcoin: The support at 25800 mentioned yesterday has been broken, and it continues to look for the next support level near 25000. The medium-term bearish trend is still strong.
BCH: The area near 224 is the chip area where the long position is built. If it holds above 224, continue to enter long positions. If 224 is not broken, the current price will continue to look for the second chip absorption platform at the 180 level.
Entering the bullish area at the daily level quickly fell back, and will still face a second probe for bottoming.
The strategies publicly disclosed this month have been perfectly concluded. Those who need to follow real trading operations can follow the official account: K-line Life Tommy.
Only the returns of ETH are publicly disclosed, and can be checked online. Real trading data is the main focus of real-time guidance. For details, follow the official account to learn more.
Mainly targeting spot, contracts, BTC/ETH/ETC.
Expertise: K-line trading.
Original trading volume battle tactics.
Short-term band high and low, medium and long-term trend orders, daily limit retracement, weekly K-line top prediction, monthly line top prediction.
Official account QR code.
Friendly reminder: The only WeChat official account is created by the author himself!
Please be cautious in distinguishing between true and false. Thank you for reading!
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