Investment is like finding a "job" for the money in your hands. People can be idle, but money cannot. Every dollar is your "mercenary," and you need to deploy them to send them into battle, with profits being the "captives" and losses being the "casualties." A skilled warrior wins without engaging in battle! After a strong surge in the early morning, the intraday market directly rose from the 36000 level to around 37800 before encountering pressure and falling back. The long positions in Bitcoin and Ethereum set up in the early morning were perfect, all reaching the take-profit point directly, with a gain of about 1000 points for Bitcoin and about 60 points for Ethereum. The strong volume after the surge also resulted in a relatively small intraday fluctuation. Intraday, we entered short-term long positions near 37280 for Bitcoin and 2068 for Ethereum. The slight price stretch also brought us decent profits, with Bitcoin gaining about 360 points and Ethereum gaining about 20 points.
Looking at the four-hour chart, there was a failed attempt to break the high, and a short-term 2-consecutive decline, breaking below the support of the middle track and once again falling below the 37000 level. Pay attention to whether Bitcoin can stabilize at the middle track and regain lost ground. Structurally, the temporary retracement on the four-hour chart is a normal corrective movement. The multiple failed attempts to break the high intraday also accumulated some bearish momentum, so the subsequent break below is reasonable. Looking at the hourly chart, the key resistance points were not broken during the intraday high, and the market pressure after the consolidation led to a retracement to confirm the low point. However, the trend on the daily chart is still bullish, so this retracement is also to accumulate momentum for the upward exploration and provide energy for the bulls. The overall direction remains unchanged, and after confirming the low point, the outlook remains bullish.
Direct long positions can be taken at 36900-37000 for Bitcoin with a target of 37700. For Ethereum, direct long positions can be taken at 2035-2040 with a target of 2090.
Whether you are a novice, a struggling trader in the market for many years, or someone seeking stable profit methods, and feeling confused about long-term, medium-term, and short-term investments, you can find me to improve your practical combat capabilities and survive in the market in the long run.
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