Ten years to sharpen a sword, there are reasons for the ups and downs; Bulls and bears do not love to fight, it is safe to put it in the bag.
Hello everyone, I am Tommy, a crypto economist, a trader rooted in the currency circle, and have been studying Ethereum (ETH) for 6 years. First, let me talk about the three things I don't do in my trading: don't trade when tired, sleepy, or exhausted; don't trade when in a bad mood; don't trade when unable to understand the market trends. (In a bad state, it is impossible to perform at a normal level, so judgment of the market will be greatly erroneous.)
Follow the public account: K-line Life Tommy: Opportunities are created in different time periods every day, so there is no need to rush. The original intention has never changed. While creating profits, I focus on mastering risk control professionally, making investments valuable, walking for the long term, and not letting down the encounters and trust in the past. I am available 24 hours a day for real-time guidance. If you have any questions, you can leave a message. All strategies are open and free.
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Review: From yesterday's low of 1622 to the high of 1658, the intraday fluctuation was 40 points. Although the overall sentiment of bulls and bears is still relatively low, we can see that the bulls are gradually entering the market from the market. So when the market is in a bull-bear game, we just need to wait for the direction to be determined.
Market: The weekly level (Chart 1) has had 4 consecutive declines, and the support below is also close to the bottom position of the accelerated rise in March this year. From the current sentiment of bulls and bears, it is likely that the downside will continue to pull back to around 1580 to consider deepening the bottom, which will also determine whether the market in the second half of the year can start a second bottom rebound. The daily level shows that the short position's box top at 1650 (Chart 2) broke through in the morning, and the chips continue to be maintained in the short position area of 1650-1580 (Chart 2), with the box continuing to oscillate. The recommended operation is to go short at high and long at low. Pay attention to whether the box top position above can break through with volume.
The daily level has not broken through the previous platform level of 1680-1700, and needs volume support. If these two conditions are not met, the short-term trend is still expected to see a second bottom rebound.
Operation requires repeated observation of whether 1650-1665 can break through with volume. If it rises and then falls, enter a short position. If there is a volume breakthrough, continue to look up to 1720-1750.
Bitcoin 25800, as mentioned yesterday, if the support at 25800 is broken, it will continue to look down to the next support level near 25000. The medium-term trend has broken through the previous platform level, and the short position is still in a strong rebound.
MKR also faces the key resistance level of 1178-1570. If 1178 can break through and stabilize, the short-term bullish trend will continue to rise, but it is important to note that the focus is still on the movements of ETH and BTC. If BTC and ETH gain momentum, they will break through the upward pressure level again.
On the contrary, if the daily level quickly falls back after entering the bullish area, it will still face a second bottom rebound.
The new investment plan for September is still open. For real-time guidance, please follow the public account at the end of the article.
Only ETH's returns are publicly counted and can be checked online. Real-time guidance is the main source of actual trading data. For details, follow the public account to learn more.
Mainly for spot, futures, BTC/ETH/ETC
Expertise: Candlestick trading
Original trading volume tactics.
Short-term swing high and low, medium and long-term trend trading, daily extreme retracement, weekly K-line top prediction, monthly line top prediction
Public account QR code
Friendly reminder: The only WeChat public account at the end of the article is created by the author himself!
Please be cautious in distinguishing between true and false. Thank you for reading!
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