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For details, click to watch: Coin Shangcheng: The market seems unremarkable? A slight retreat shows the beginning of the short-term bottom, waiting for a breakout during the oscillation and absorption phase

The market trend on the same day did not fluctuate much. After a slight retreat in the market yesterday, it has returned to calm and is showing a power-building oscillation. Ethereum's lowest point of the day is around the first support level of 1570-1590, but the upward retracement strength has not yet been prominent. The high point is around 1600. If the entry point is relatively good, there is also a short-term profit of about a few points, but if it is around 1590, it may only be a few points. During the upward process, it did not reach our pressure level. Bitcoin, on the other hand, did not have enough retracement strength in the same trend. During the upward process, the highest point in the day easily reached the aggressive pressure level of around 2688, and then began to retrace with a profit of only about 200 points. In such a market, we have to seize opportunities to speculate on short-term trends. Profits from small gains will not be less than those from medium and long-term positions. When the market does not provide medium and long-term opportunities, we need to learn to do short-term trading within the range. Wool is still profitable, rather than waiting foolishly, which will cause us to miss many opportunities. Refer to the support level or the pressure level for selling, and do not be greedy, leading to profit loss. Whether it is entry or exit, Cheng Cheng is based on advance preparation, which can be said to be a nanny-style teaching. For specific explanations, please watch this video!

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This article is exclusively created by Teacher Cheng Cheng, specializing in styles: mobile lock-in tactics around high and low support and pressure levels, short-term trend highs and lows, and medium and long-term trend positions.

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