Duan Chenbei: Can mainstream cryptocurrencies' rebounding from the oscillation be followed by more buying? Analysis and strategies for trading Bitcoin and Ethereum in the afternoon.

CN
段辰北
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1 year ago

The vast ocean is composed of countless small water droplets. Among the investment masters on Wall Street, whether it's Soros or Buffett, their wealth is accumulated bit by bit from each trade. Without decades of accumulation, they would not have achieved their current success. As the ancients said: "A journey of a thousand miles begins with a single step."

In the recent cryptocurrency market, there have been continuous waves of fluctuations, causing many people to suffer from the agony of being trapped in contract investments. After being trapped, all our actions are passive. We should timely reduce positions or cut losses. In the case of margin trading, we may even face forced liquidation. Regardless of the outcome, we will go through a difficult psychological process. Only after being trapped can we truly appreciate the importance of entry! Proper risk management for every trade, controlling position size, and choosing the right entry point are crucial!

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Bitcoin saw an upward surge in the morning session, and the current price remains strong at 26691 points. The oscillation bias has reached our expected entry position. Do not chase a one-sided market during the session. For those looking to short, you can enter at the current price. In the current market, oscillation is the norm. Chasing after any resistance level cannot be said to be without merit, but the risk outweighs the benefit, deviating from the original intention of entering the market. The resistance above is not weak, and we will continue to operate within the oscillation range during the day.

Bitcoin afternoon operation suggestion: Short at the current price near 26691, with a stop at 27000, and a target of 26300.

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Ethereum saw a dip to around 1600 in the morning, followed by a rebound and a steady rise. As of now, the price has returned to the 1631 level. The short-term trend has turned bullish, but the price has approached a resistance point. Combined with intraday analysis, the price is likely to continue oscillating. This position was also the one arranged for shorting in the morning, so for those looking to short, you can enter directly without needing a ticket.

Ethereum afternoon operation suggestion: Short at the current price near 1631, add to the position at 35-38, with a target of 1605-1600.

If you are still losing money in the contract investment market, or if you are worried about not finding a capable and responsible teacher, you can look at the analysis. First strength, definitely strength and service, everything else will naturally fall into place. Investment is only for profit, everything else is just empty talk, making money is the only way.

I don't have a 100% accurate trading plan, nor a zero-risk investment plan, but I do have a stable and profitable method. For contract trading, you can pay attention to the contract guidance provided by Duan Chenbei!

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