Under the strong light, there are no clouds, and the sun is always shining.
I want to dance with Zhuang, just for a certain look from you. 24-hour real-time guidance, helping to quickly increase positions.
Trend/position/skills, all three are indispensable!
Evening market analysis:
Midday market train of thought:
Yesterday finally ushered in the special day of Christmas, and the eagerly awaited market seemed to be a predictable diving trend. However, unlike previous years, the market did not go as expected. Apart from the slight morning dip and the short-term rebound at 20:00 in the evening, the market returned to its original point. After that, there was basically nothing worth paying attention to. It was neither going up nor down, indicating the start of a stage of accumulation. Looking at the four-hour chart, the short-term trend of Bitcoin is running between the 30-day moving average and the 60-day moving average, staying around the middle line. The direction is temporarily unclear. Apart from the need for spot traders to sell at high levels, for contract traders, the trend direction is almost irrelevant.
Many people may not understand why this is being said. Cheng Cheng previously shared a viewpoint with everyone that trends/medium to long-term strategies are tailored for spot traders. The reason is that spot trading has less leverage and lower risk, requiring the identification of support levels and high levels in the long term. The battle can be prolonged. However, for contract traders, it's different. The longer the battle, the less advantage there is. Contracts involve leverage, which inherently increases the risk. Even if the entry position is good, once there is any movement in the market, it will definitely not hold. This is not just the case for a few individuals; more than 90% of retail traders in the market are like this, especially those seasoned retail traders who have been through years of ups and downs. Cheng Cheng faces fans from all over the internet every day and is well aware of this situation. Recently, he has been emphasizing a point both inside and outside the market: contracts ultimately boil down to short-term trading. Don't think about setting up long-term positions anymore. There may occasionally be good opportunities to set up a suitable medium-term position, but forget about long-term positions; they are not suitable!
Contracts themselves are about using a small amount to speculate for a larger gain. Those who come to the contract market are simply looking to leverage profits, whether it's going long or short. Opportunities are everywhere, especially for those who have been holding medium to long-term positions, which have turned into burdens. Why is it said that spot trading is more suitable for medium to long-term positions, aside from the difference in risk? The position threshold is the main issue. If the capital is small, it is more suitable to take risks. Why take unnecessary risks to hold positions? Stop loss when necessary, adjust the direction and position in a timely manner, and continue to enter. Sacrifice is necessary for gain.
The train of thought for Bitcoin and Ethereum can be referred to from yesterday. For Ethereum, the aggressive support is around 2230-2250, and the conservative support is around 2170/2120-2140, with resistance around 2320-2340/2380-2400; for Bitcoin, the aggressive support is around 42300-42500, the conservative support is around 41500-41700/40600-40800, and the resistance is around 44000/44400-44600. Overall, Cheng Cheng believes that the market has mostly retraced and is likely to gradually trend downwards. Refer to the appropriate positions and enter the market without fear. There are risks in any investment, whether online or offline. What needs to be considered is where the opportunities are greater and where the chances are better. Adjust your mindset, lower your expectations, and don't carry any psychological burdens during the investment process. Only then can you easily grasp the market and seize opportunities.
For followers who want to receive updated trading strategies, feel free to consult me for real-time advice on trading small cryptocurrencies!
This article is exclusively created by Teacher Cheng Cheng, specializing in the style of mobile lock-in strategies focusing on high and low support and resistance levels, short-term swing high and low positions, and medium to long-term trend positions.
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