It's no use being pessimistic. Everyone wants to be born into a good family, but we cannot choose our parents. Everyone wants to take profit, but we cannot control the trend. What a qualified trader should do is: play the hand you're dealt as best as you can.
After the long and short sides of the market have been washed, the market has fallen into fear. But victory comes from courage, and the bigger the storm, the more valuable the fish! Just like when we called for short positions at 44500 earlier, even we didn't trust ourselves to make a contract. The rewards of our efforts will definitely not disappoint our courage. How do we see today's market? I gave everyone the hint to place limit long orders early in the morning, and they are still being held. Feel free to continue to pay attention. Yisheng focuses on authenticity!
Midday market analysis on Friday
Looking at the daily chart, the bearish candle with a shadow indicates that after the previous decline, the quick recovery of lost ground shows that the news will not have a long-lasting impact. What's left is the stage for the bulls to exert their strength. The overall direction given earlier is still upwards, with a target of 47000. Only after experiencing great difficulties can the bulls stand at the peak. The saying "After a bitter experience comes sweet success" is ultimately not a problem!
Looking at the four-hour chart, there is rarely a pullback during the Asian session, and it is basically a direct oscillation and rise. The morning hint was to go long at the round number position. As for shorting, refer to the resistance at 44300 and 44500, mainly focusing on the time points during the European session. After the rebound in the Asian session, specific arrangements can be made based on the strength of the rebound during the European session. Currently, the bearish volume has gradually decreased, and the future continuation will not be strong. The KDJ indicator is also gradually converging. Overall, the bulls have turned defeat into victory, successfully closing with a bullish candle. We can stick to our previous strategy as the coin price gradually rises.
The current price is still holding at 43150.
Starting the new year by giving back to our loyal fans. Here to provide everyone with support. The plan for a tenfold increase is ready. This year, the favorable environment continues, and everyone can consider it. Free guidance!
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