The market is trading sideways at a high level, how should we arrange our layout?

CN
2 years ago

Article editing time: 2023.12.06 12:36, all opinions do not constitute any investment advice! For learning and communication only

We often encourage others, but find it hard to inspire ourselves; we see others very clearly, but are confused about ourselves; we envy what others have, and complain about the unfairness of the world; dissatisfied with the current situation, we lament about our unfortunate fate. All the missed opportunities are the most beautiful, and what's gone far away is the best. As long as we are formal with ourselves, empower ourselves, and give ourselves the confidence to strive, the courage to fight, the strength to move forward, and the wisdom of Fan Deng, we can broaden our horizons and minds, and everything will become clear.

Market review:

Yesterday, the overall market trend of the big cake was in a high-level oscillation. The big cake first surged near 44400 in the morning, and after a midday oscillation, it stabilized near 43400. Near the evening, the coin price rose again to around 44200, then quickly fell back to around 43300 before stabilizing. The coin price then rebounded to around 44200, but was under pressure. This morning, the market slightly retraced to around 43600, and now the coin price is running near 44000. Let's take a look at today's market trend.

Market analysis:

Looking at the four-hour chart, the Bollinger Bands are gradually narrowing upwards, and the coin price is effectively stabilizing at a high-level oscillation and consolidation. In terms of form, it shows an alternating pattern of positive and negative, but overall, the bulls still have the advantage. With the continuous refresh of the high point, the support below is also rising, which also indicates the strength of the bulls. However, the MACD indicator is about to cross and turn downwards, the bullish energy column is gradually shrinking, and the KDJ three lines are moving downwards. This also indicates the need for a short-term market correction. Only after the retracement and correction will the market show a high again. Therefore, in terms of operation, it is still advisable to maintain a low-level bullish view. (For friends who are still confused in their operations, you may want to take a look at the strategy of Zhi Duoxing. It provides 24-hour real-time guidance for trading. Due to the rapid market fluctuations, the real-time layout is the main focus for the subsequent market trends. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.)

Operational advice:

BTC: Long near 43600-43300, target towards 44000-44300

ETH: Long near 2250-2230, target towards 2280-2230

Disclaimer

The market changes rapidly, and the market fluctuates quickly. The entire article is based solely on personal speculation and does not have any reference value. Investment carries risks, so entering the market should be done cautiously. It is advised to trade with a small position and not get carried away. Wishing everyone a prosperous financial source! The article needs to be reviewed and has a certain lag. If there is anything you don't understand, feel free to consult.

The above content is created by Zhi Duoxing's public account. The end of the article and the advertising in the comments section are not related to Zhi Duoxing.

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