Tracking real-time hotspots in the currency circle, seizing intraday trading opportunities!
Greetings everyone, I am Jin Lun, with 8 years of experience in the market, specializing in interpreting market news, real-time layout trading for short and medium-term, precise control of positions, and stable returns! The trading principles are to seize entry opportunities, conduct good technical analysis, know when to stop, exit in time, prepare for the future, and prevent risks. Real-time monitoring, online guidance, with Jin's assistance, you will understand the currency circle better and achieve a win-win situation! - Jin Lun
Follow "Jin Lun's Insights" public account: Trading is an investment in value, selection, timing, analysis, cycle, and patience are all indispensable. Do not let temporary losses affect the correct judgment of the overall trend, and do not let short-term gains or losses affect your trading mentality. Keep a calm mindset, follow the trend, and everyone can be the king of the currency circle!
Review: Currently, the market for Bitcoin and Ethereum has rebounded after the previous decline, and the market has once again entered a phase of high-level washing. From the upward trend of yesterday's market, we can see that the high point of Bitcoin reached around 27,500 points, and Ethereum reached around 1,670 points. The lower range fluctuated and rose to the high point of 1,670 points within the range of 1,610-1,640 points. In the 4-hour structure, a perfect head and shoulders bottom pattern has just formed. After breaking through the resistance at 26,300 points, Bitcoin also reached a double top structure near 27,500 points, which is also the rebound suppression point formed by the SEC's lawsuit against Grayscale. With the increase in short positions at the high point, the bullish performance lacks certain momentum, and the effective range returns to 1,610-1,640 points for Bitcoin between 26,300-26,800 points. There are clear signs of the 4-hour MA30 moving average breaking down in Ethereum and Bitcoin, and from the perspective of trading, Jin believes that it would be more prudent to focus on the short position at the high point!
BTC: Recommended short entry in the range of 26,800-27,000 points, risk control at 27,500 points, target to see the lower support at 26,300 points (short-term), and breakthrough target near 25,800 points.
ETH: Recommended short entry in the range of 1,650-1,660 points, risk control at 1,685 points, target to see 1,620 points (short-term), and support breakthrough target at 1,580 points.
Main recommended currencies: BTC/ETH contracts
Trading style: Follow the trend, use the range trading strategy.
The strategy is for reference only, the currency market is risky, and investment needs to be cautious!
Public account QR code:
Friendly reminder: The WeChat public account at the end of the article is created by the author personally!
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