Ye Qiu in the cryptocurrency circle: The bullish sentiment on April 11 is high, but the bearish news is of no avail.

CN
1 year ago

Coin Circle Ye Qiu: The bullish sentiment is high on April 11th, and the bearish news is of no avail.

Trading is like a new snowfall, with each step leaving clear footprints. You cannot decide whether it will rise or fall today, or what specific results your persistence after entering the market will bring, but what you can decide is to control the risk of each trade. The most beautiful footprints of trading often appear in the most unexpected candlesticks, as long as you can persist.

The dramatic trend yesterday left most people puzzled, and only those who paid attention to the key time points and watched the market on-site could promptly change their mindset. After piercing the middle track, there was a slight dip to around 67500, followed by a complete rebound. The 4-hour closing above the 60-day moving average at midnight, the rebound of the 250-day moving average completely regained lost ground, and the support of the middle track was regained on the daily line chart, with a slow rise after midnight. Normal logical data is bearish, but M yuan surged, M stocks oscillated at a low level, and the pie flew on its own, which most people could not imagine. Only at key time periods and switching points can opportunities be found. Long positions were stopped out yesterday, and a long position was directly opened at 69300 at the end of the night (short-term breakthrough of the trend line suppression, and a long position was opened after the signal was given when the 4-hour moving average was broken), and the position was reduced until now. For today, it is very contradictory. The daily line closed above the middle track and the 5-day moving average, and the 4-hour chart broke through the middle track. The normal thinking is to buy on dips and then look for an upward breakthrough to the pressure zone on the daily line level. However, yesterday's trend taught us a great lesson, and we must try and make mistakes to grow. Although the cost is a bit high, it is necessary for long-term traders to experience.

Today, pay attention to the congestion zone of the average line at 70500 and the lower average line at 69800; touch the long first, the daily line is suppressed near 72000, and temporarily maintain trading within the range, and update after a strong surge.

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