Tracking real-time hotspots in the currency circle and seizing trading opportunities during the trading day!
Hello everyone, I am Jin Lun, with 8 years of experience in the market, specializing in interpreting market news, real-time layout trading for the short and medium term, precise position control, and stable returns! The trading principles are to seize entry opportunities, conduct technical analysis, take appropriate measures, withdraw in time, and be prepared for potential risks. Real-time market watching, online guidance, with the assistance of Lao Jin, to better understand the currency circle and achieve a win-win situation for flipping positions! - Jin Lun
Follow "Jin Lun's Insights" official account: Trading is an investment in value, selection, timing, analysis, cycle, and patience are all indispensable. Do not let temporary losses affect the correct judgment of the overall trend, and do not let short-term gains or losses affect your trading mentality. Keep a calm attitude, follow the trend, and everyone can be the king of the currency circle!
Technical analysis: After reaching a high point this week, the overall market has slowed down slightly, with Bitcoin approaching the high point of 65,000 and steadily staying above 60,000. Ethereum has also reached a high point of 3,400. Based on the recent market changes, Bitcoin is in a relay state between 60,500-63,000, and Ethereum is between 3,380-3,450. Based on the daily chart structure and the MA30 line, both Bitcoin and Ethereum are in an upward structure, and there is still no signal for a bearish reversal in the downside space. The main trend is still very strong, and the strategy of short-term structure low point retracement and long entry remains unchanged. Bitcoin is focused on the vicinity of 61,000, and Ethereum is focused on around 3,400. Until the high point of this bull market appears, the main trend is still dominant. As mentioned in our previous article, the imminent upgrade of Cancun and the approval of ETHF in the ETH sector will have a significant impact on the market. The choice of direction still maintains the trend of continuing to go long at low levels!
BTC: The short-term resistance on the downside is around 60,500, and the main strategy is to go long at low levels. The recommended entry points are 61,000-61,200, with a risk control point at 60,400, and the target is to look at 62,500.
ETH: The short-term support on the downside is at 3,380, and the strategy is to go long at the low point of 3,400-3,410, with a risk control point at 3,350, and the target is 3,520.
Main currency pair recommendation: BTC/ETH contracts
Trading style: Follow the trend, box trading strategy.
The strategy is for reference only, the currency market is risky, and investment needs to be cautious!
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