This round of market trends accurately deployed throughout the day at the only low position, with Bitcoin at 3000 points and Ethereum at 130 points or more, creating a perfect layout. The strategy is

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1 year ago

Under the strong light, there are no clouds, and the sun is always beyond your reach.

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Trend/position/skill, all three are indispensable!

The trend of Bitcoin arrived as expected yesterday. The first support range of 40600-40800 near the sharing time can be tried for layout. At that time, the price was around 41000. It was expected that the market would start a second dip in the evening at 18:00, accurately reaching the entry zone provided by Cheng Cheng. From the hourly chart, a rapid short-term rebound was observed. From a cyclical perspective, it reached the first target resistance level near 42500 after 12 hours for the first time, and then after a short-term consolidation, it surged again towards the second target resistance level near 43500 before starting to fall back. For those with short positions at the resistance level, they can consider selling at the lower resistance level or support level. Based on the accurate sniping at the only low point and the reference to the resistance level throughout the day yesterday, this round of long positions in Bitcoin perfectly achieved a control of about 3000 points! Ethereum's early low point of 2120-2140 was provided, and the resistance level of 2230-2250 was also given, achieving a profit of about 130 points! At this time, for those with short positions at the resistance level, the profit from the candlestick chart is already showing signs and is clear. You can continue to look for the target. Making trades is not just about accurate positions, but also about references for selling. Knowing how to maximize profits and minimize risks is important. Failing to hold positions leading to less profit, or blindly holding positions leading to profit loss, will both make people's mentality collapse. When the fan group provides a strategy, it is explicitly stated that when it comes to the right position, enter the market, and sell the goods, I really don't understand why some people still can't achieve this fixed box profit. The answers are all there, but if you can't copy them, there's nothing that can be done. What's holding you back is not the position or the trend, but your long-dormant heart.

Bitcoin

At present, the strategy for Bitcoin needs some adjustments. For those with a more aggressive short-term support, they can consider the previous resistance level near 42300-42500, which may form a bottom reversal, and can be used as a short-term bottom at this time. For those who are more conservative, pay attention to the support range near 41500-41700. If the low support structure near 40600-40800 continues, just set a stop loss. The daily bottom support level is 40000-40200. The shared support strategy is quite comprehensive and is basically sufficient for the day's market. Continue to pay attention to the resistance level of 43300-43500, and for those who are more conservative, look above 44000. Many people like to ask me whether to go long or short today. I still give the same answer: don't ask me whether to go long or short. Asking means you are a novice. Regardless of whether the market is unilaterally rising or falling, there will inevitably be short-term counter-directional movements. It is more important to prepare for support and resistance than anything else.

Bitcoin

Ethereum has not yet truly started to retrace at this time. It is forming a short-term consolidation and absorption. For those with a more aggressive approach, they can try a short position near 2200, and for those who are more conservative, they can continue to layout near 2120-2140. Don't stop if it doesn't break, just be defensive. For the conservative second support below, a reference near 2060-2080 is provided, and the bottom support is around 2000-2020 to prevent a breakthrough in the market. The provided support levels are relatively comprehensive, and you need to understand them in order to face the market. Combining the strategy will make you more adept. In addition to the short-term 2250, the official resistance level above is around 2320-2340/2380-2400.

For those who need guidance, please follow the real-time guidance on the Coin Above Cheng public account!

This article is exclusively created by Teacher Cheng Cheng, specializing in the style of mobile lock-in warfare focusing on high and low support and resistance, short-term swing high and low, and medium and long-term trend trades.

Friendly reminder: The advertisements at the end of the article and in the comments section have nothing to do with the author! Please be cautious in distinguishing between true and false. Thank you for reading!

Ethereum

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