Sideways and downward, which one do you prefer?

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2 years ago

Hot News:

  1. The current negative news is nothing more than Grayscale's daily dumping, which has caused retail investors to lose their grip, and institutional turnover has also reached a plateau.

  2. The SEC has once again postponed the decision date for Fidelity's application for an ETH spot ETF to March 5.

  3. In the recent market, the trend has shifted to daytime gains and nighttime dumps, and sector rotation is fast but lacks sustainability. Profits today may turn into losses tomorrow. It feels like a train in a bull market making a brief stop at a station, with people getting on and off quickly. When the stop is over, the journey will resume. Therefore, there is no need to be too pessimistic. Seize the opportunity to get on or off the train. It's most important whether you are on the train at this time. Now, observe which assets are still showing strong resistance to declines.

Observing resistant players

BTC:

Is it just like the chart drawn in yesterday's daily report? The price has come to the 41000-40500 range. If it doesn't fall below this level, then wait for a pullback to the center. The upper resistance is at 42500-43000.

BTC chart

ETH:

ETH has also fallen below the range of 2500-2590. Currently, it has not reached the bottom, and it's still close to 2390. It either needs to pull back above 2500 directly or test the demand zone at 2390. Don't enter the market if it's not at the bottom!

ETH chart

Recent Market Strategy Configuration Logic:

Do not allocate too many types of coins! (LINK, SOL, CFX, OP, ARB, ORDI, APT, BNB, SUI)

For positions with a large effective proportion (more than 3 times), use a conservative approach!

For positions with a small effective proportion (less than 3 times), use a steady approach!

The information and data mentioned in this content are from publicly available sources, aiming for accuracy and reliability, but do not guarantee the accuracy and completeness of the information. The content does not constitute any investment advice. Investing based on this information is at your own risk!

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