More? Short? Neither, just follow the trend!

Trend, point, plan, a trinity!

I have always believed that a qualified investor and successful investment must focus on the trend rather than the price at specific points. Once the trend is accurately identified, one can balance risk and position in short-term operations. This means having a clear big direction and a clear small direction; the remaining key is the entry point, and then the exit point based on profit size. A disciple knows how to buy, while a master knows how to sell. Major market movements generally occur at extreme reversal points; when the opportunity arises, seizing it can lead to a turnaround.

Trend:

Regarding this week's trend, BTC and ETH, as mentioned earlier, caution against rebound traps. The market began to pull back after a relatively strong rebound on Monday. BTC found support around 112,500, while ETH stopped falling near 3,540 after a drop of nearly 200 dollars. Looking at the weekly chart of BTC, in the coming days, if the market cannot break and stabilize above 117,000, it will be in a weak structure, and the weekly level pullback has not yet ended. The middle band of the Bollinger Bands on the daily chart is the next hurdle for bulls and can also be seen as the dividing line between bulls and bears. Currently, it is important to see whether the market is a continuation of the downtrend or a rebound after completing the bottom, focusing on which side the middle band and MA60 break. Similarly, for ETH in the coming days, attention should also be paid to whether the rebound can stabilize at the middle band of the daily chart.

Point:

For BTC, short-term resistance is to be watched below 117,000. Once broken, it will test the resistance below 120,000 again. Pay attention to the gains and losses in the 113,000-112,000 area. Similarly, if it breaks below 112,000, it will accelerate downward to test new support. For ETH, short-term resistance is to be watched below this week's high of 3,730, with support focusing on the gains and losses in the 3,380-3,420 area.

Plan:

BTC: Short at 116,300-116,800, looking at 114,000. Long at 113,000-112,500, looking at 115,000.

ETH: Short at 3,670-3,710, looking at 3,500. Long at 3,430-3,400, looking at 3,580-3,600.

What can relieve worries? Only getting rich! No snowflake is innocent during an avalanche. Do not lose yourself in madness; protect your bullets, keep yourself in the game, and have chips ready for a counterattack.

If you like it, please like and share. Wishing everyone more success! May you thrive in the crypto world!!!

2025/8/7

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