The high sell low buy strategy we laid out early yesterday morning has also yielded profits for both long and short positions today. I believe those who followed along have made good profits.
Currently, with the new week update, the weekly K-level upward trend has once again been disrupted. The MA5 daily moving average continues to press down on the coin price, and the TD indicator has shown a downward TD3 trend. The MACD red energy bars are continuously shrinking, and the fast and slow lines are about to form a death cross. The KDJ shows a downward pressure trend with three lines. Considering the 3-5 day lines, the current weekly K aspect is dominated by bears. Bitcoin's rebound cannot effectively stabilize above the MA5 daily moving average, so we should maintain a bearish outlook.
On the daily chart, after a rebound in the coin price during the day, it faced pressure again after touching the MA5 daily moving average. The MA5, 10, and 30 daily moving averages and the BOLL band are all leaning towards a bearish operation. Additionally, the TD indicator has reached TD7 in a bearish arrangement. In the short term, as long as the MA5 daily moving average cannot effectively stabilize, we should maintain a bearish outlook. The current high point resistance is referenced at: 102500-103800.
On the 4-hour chart, after an upward rebound in the evening, the K-line formed a long upper shadow. The coin price experienced a slight decline influenced by the opening of the US stock market. Currently, the MA5, 10, and 30 daily moving averages are collectively pressing down on the coin price, and the BOLL band is also showing a downward trend, indicating that bears are in control. Combining this with the hourly chart, the current market trend is leaning towards a volatile downward movement, with low point support referenced at: 98200-96000. Therefore, for operations from early morning to the morning, my personal view is to focus on short positions, with long positions as a supplement.
Trading strategy: Gradually open light positions at 101500-102500, target: 99500-98500, stop loss: 103000.
Ethereum's overall trend is synchronized with Bitcoin. Due to the daily chart's trend leading Bitcoin, the short-term market is also leaning towards a volatile downward trend. However, due to lower trading volume and resistance compared to Bitcoin, the decline is significant, with high point resistance referenced at: 2265-2300. The coin price's rebound cannot effectively stabilize above any resistance, so we should maintain a bearish outlook. Low point support is referenced at: 2120-2000. Therefore, for operations from early morning to the morning, my personal view is to focus on short positions, with long positions as a supplement.
Trading strategy: Open positions at 2275-2315, target: 2200-2150, stop loss: 2343. This is expected to be sufficient for the short-term trend, and further updates will continue.
Personal views are for reference only. There may be delays in article review and push notifications. The market changes rapidly, so specific entry and exit points should be guided in real-time. Please be cautious when entering the market. Analysis is not easy, and I welcome everyone to like and follow the public account for surprises!
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