The biggest enemy in trading is not the market, but the traders themselves. Every failed experience indicates that it's not the market being too smart, but us being too smart and too self-righteous. In fact, the market is simple; it's human nature that's complex. You may be greedy and want to earn more, so you might overtrade, trade frequently, and fear missing any market movements.

There will always be right and wrong times; never rely on being 100% accurate. No one will always make a profit without losses. The key is to learn to cut losses in time.

After making a trading mistake, it's better to find a solution promptly rather than complaining within the community. In the trading market, no one will sympathize with a losing investor. Complaining is just self-consolation, but in the eyes of others, it's still a joke. Instead of doing that, it's better to think of ways to solve the problem.

Market Review:

Although yesterday's market did not reach our target, it didn't collapse either; it just had some strength. After all, the entry points were relatively good, and the retracement provided opportunities to enter long positions. If the entry points are good, then the impact is not a problem. Although the coin price continued to decline in the evening, it stopped near 38550, and then quickly rebounded to around 39760. This upward space is over 1000 points. I wonder if anyone seized this opportunity. As for Ethereum, it was stopped out. Even a seasoned analyst's trading is not 100% accurate. The key is to secure the gains. Without further ado, let's take a look at today's market trend.

Market Analysis:

Looking at the 4-hour chart, after the coin price of Bitcoin started to decline from the previous high of 49000, it has been accompanied by intermittent rallies, each providing a space of 1.2 thousand points. However, from the current pace, the bottom building has basically been completed, and there is a lack of momentum to continue declining. Currently, the KDJ three lines are trending upwards, the bearish volume is gradually decreasing, and the RSI three lines are running between 40-70. Therefore, I personally think that the future trend will be bullish, and planning for short positions should be considered when encountering resistance above. (For friends who are still confused in their operations, you might want to take a look at the strategies of Zhiduoxing. Real-time guidance for 24 hours, the market fluctuates quickly. Due to the impact of review timeliness, 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.)

Trading Suggestions:

BTC: Consider going long in the 39700-39500 range, and pay attention to 41000.

ETH: Consider going long in the 2237-2220 range, and pay attention to 2320.

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 enter the market cautiously and avoid overcommitting. Wishing everyone abundant wealth! The article needs to be reviewed and has a certain lag. If there is anything you don't understand, feel free to ask for advice.

The above content is created by Zhiduoxing's public account. The advertisements at the end of the article and in the comments section have nothing to do with Zhiduoxing.

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