Track real-time hotspots in the currency circle and seize trading opportunities during the trading day!
Hello everyone, I am Jin Lun, with 8 years of experience in the market, specializing in interpreting news, real-time layout trading in the short and medium term, precise control of positions, and stable returns! The trading principles are to seize entry opportunities, conduct good technical analysis, take appropriate measures, withdraw in time, and be prepared for the future. Real-time market watching, online guidance, with the assistance of Lao Jin, to better understand the currency circle and achieve a win-win situation in flipping positions! - Jin Lun
Follow "Jin Lun's Insights" official 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 attitude, follow the trend, and everyone can be the king of the currency circle!
Technical section: Yesterday's market hit near 65,000 points for Bitcoin and around 3,500 points for Ethereum. After a long upward trend for nearly 2 months, it has experienced a slight retracement for the first time. Has the bull market phase come to an end? Looking at the overall market situation, the market has upgraded in Cancun this month, and the application for ETFs related to the ETH sector is also about to be approved. Future positive factors are also coming one after another, so on the topic of the end of the bull market, Lao Jin believes that it is far from over, and there is still specific upward space. The retracement of the short-term structure will not have a significant impact on the overall direction. From the short-term perspective, the expectation is for the retracement low point to continue the upward trend. In terms of trading, pay attention to the short-term retracement low range of 60,000-60,500 points for Bitcoin, and the short-term adjustment range of 3,250-3,300 points for Ethereum. The 4-hour structure MA30 moving average has been continuously running upward, and the short-term upward structure also tends to be more favorable. The main focus of the upward trend is the short-term high point of around 63,000 points for Bitcoin and around 3,420 points for Ethereum. In terms of direction, it is recommended to continue to maintain a focus on taking long positions after the retracement low point!
BTC: The short-term resistance for the downward trend is around 60,000 points. The main direction is to take a low position and focus on taking long positions. The recommended entry points are 60,400-60,500 points, the risk control point is 59,800 points, and the target is to look at around 62,500 points.
ETH: The short-term support below is at 3,280 points. For the retracement low point, take a long position near 3,280-3,300 points, with a risk control point at 3,250 points, and a target at 3,450 points.
Main currency recommendations: BTC/ETH contracts
Trading style: Follow the trend, use the box transaction strategy.
The strategy is for reference only, the currency market is risky, and investment needs to be cautious!
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