Zongheng Freely: There are currently no plans to change the operation plan, continuing to wait for the market to run.

CN
4 hours ago

Time flows like a river, with the left bank holding unforgettable memories and the right bank representing the youth worth seizing, accompanied by a subtle sadness. There are many beautiful things in the world, watching the flowers bloom and wither in the courtyard, remaining unperturbed by honor or disgrace, gazing at the clouds rolling in the sky, indifferent to their coming and going. In this chaotic world, learning to treat everything around us with an ordinary heart is also a form of enlightenment!

Yesterday's market was nothing much to talk about. The short-term rebound and dip were slightly off from our expectations, with the rebound peaking around 118,500, followed by a quick dip to around 115,700. I wonder if any friends managed to profit from this short-term correction of nearly 3,000 points during yesterday's rebound. Currently, after the dip, the market is in a rebound phase, and the overall trend has formed a consolidation pattern in a small range. Our planned short-term trading from yesterday involved shorting around 118,700 and going long when it first touched below 115,000. The trend prediction is still on point, though the levels were slightly off, and it seems there were more short positions taken. On the trend side, the low-multiple high short position I set up at 121,300 two days ago had a maximum floating profit of over 5,000 points, and I currently have no plans for the next move, possibly reducing positions around 113,000.

Returning to the market, regarding liquidity liquidation, after yesterday's market fluctuations, it was quite evident that the remaining long positions were not liquidated, leading to a rebound. This has caused the liquidity liquidation strength for longs to shift down to around 114,000, possibly due to new liquidity from longs reopening positions, while at the same time, the liquidity for shorts has also moved up to around 119,300. Additionally, after midnight last night, the futures positions began to decrease significantly. Since the price is fluctuating, we can assume that both sides are closing positions and switching hands, with longs taking profits or stopping losses, while short-term shorts have completed most of their profit-taking. Compared to the same price level on the left side, the current positions are even lower than when they came up, indicating that both longs and shorts in the current market are undergoing adjustments. If the trend tonight is similar to yesterday, it would be best to first pull back to clear out the short-term high-multiple short liquidity, followed by another dip.

On the technical side, the daily level received a bearish candle yesterday, and the price is still running near the MA7 daily line. Since yesterday's close was above the MA7 daily line, there may still be some resistance from longs in the short term. However, the MACD volume bars continue to converge, and the RSI has started to fall back from the overbought area. For the daily chart, it is currently in a slight rebound, but it is important to note that as long as the rebound does not fully offset yesterday's decline and form a bullish engulfing pattern, the market will still struggle to regain strength in the short term, and there will be opportunities for another dip.

At the four-hour level, the current structure is a consolidation after a decline, rebounding after the market dipped to around 115,700. The short-term moving averages are starting to turn. It is important to pay attention to the high and low points in the four-hour level. For the short term, a higher high and a lower low may become the market's barometer. Currently, the four-hour volume is starting to decrease, waiting for the consolidation to end, which means the market is about to move, with a focus on the evening.

In terms of operations, if the short-term rebound is to liquidate the short-term short liquidity, then the most suitable position for us to short would be around 119,500, while for going long, we should consider below 114,000. If it goes below 114,000, it will also be time to reduce my high short position at 121,300.

Ethereum has indeed become strong again. In the midst of Bitcoin's fluctuations, Ethereum's performance has been robust. After quickly recovering most of the drop to around 2,920 yesterday, many have felt the short-term strength. Multiple dips in the early morning were all recovered, and both the four-hour and daily lines have stabilized around 3,030-3,060. As long as it doesn't drop down to fake out, there is real potential to reach 3,300 above.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time. The information may be outdated, and strategies may not be timely. Specific operations should follow real-time strategies. Feel free to contact and discuss the market.】

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