Tracking real-time hot topics in the currency circle, seizing the best trading opportunities. Today is Sunday, March 3, 2024, and I am Yibo! We are not predicting trades, but actually observing market fluctuations (narrowing, spreading), structure (market batch structure), emotions (external market such as US stocks, USD, etc.). As a trader, you (through trading) affect the price, and the price also affects your emotions and behavior.

The collective riot of the old mainstream implies whether the market is facing short-term risks? For example: sol, bch, ltc, etc. After the rise of the mainstream following the rise of the big cake, and the FOMO sentiment has reached a certain height! In the short term, the big cake is in a weak state, so why hasn't it fallen yet? It's because the mainstream is rising too fast, which is not good for the big cake, attracting some funds in the market, which may lead to a downward trend! At this time, we need to pay special attention, and prevent the rise and fall caused by the general rise of the mainstream, which may lead to the decline of the big cake. It can only be said that the current market trend has this possibility!

The currencies in the halving sector may have been overlooked by many people. When you find these currencies rising and rush to invest, they have actually doubled. Why are only BCH, BSV, and ETC leading the rise in the halving sector in 2024? This has to do with the skyrocketing of Bitcoin and Ethereum. Firstly, Bitcoin's increase in February reached 45%, from 43353 at the beginning of the month to 64426 on February 29. Ethereum reached 3523. BCH, as a fork of Bitcoin, also known as Bitcoin Cash, with Bitcoin's halving approaching, BCH will halve on April 7. Therefore, it is not surprising that BCH is rising strongly. In the bull market of 2021, the highest price of BCH was 1640. From the perspective of whale holdings, it is not impossible for BCH to break through the previous high of 800 before the halving. BSV is a fork of BCH, and breaking through 130-150 at this moment is inevitable. However, BSV has been delisted by BA. ETC is known as the doomsday chariot, but it is a fork coin of Ethereum. Is the current price of 36 a bit low? With the countdown of Ethereum's Cancun upgrade 10 days away, the expectation of Ethereum spot ETF, it is also possible for ETC to break through its historical high. Once again, the Cancun hard fork plan of the Ethereum mainnet will take place on March 13, 2024. In this upgrade, OP and ARB will undoubtedly play a core role. For these two currencies, choosing to enter at a low position or adding positions is a wise choice. The Cancun upgrade is a huge positive for all Ethereum Layer2 projects, involving currencies such as OP, ARB, METIS, LRC, IMX, SNX, GMX, RDNT, etc.

Since the price surged last Monday, the market has not shown much action during the weekend, with continuous small fluctuations. After falling from 61300 in the early morning of yesterday, the price has been hovering in the 62500-61700 range. This kind of rhythm during the weekend is quite common. From the four-hour structure, using 60000 as the starting support point, after breaking through, stabilizing after a pullback, the middle rail is the first support. If the small steps can continue, the middle rail is the support. In the short term, we should first look for further rebound continuation, approaching near the upper rail of 64000 on the daily chart, but whether it can break through further needs to be determined by the form. Currently, the short-term form is still in a tug-of-war, with a slight upward bias in the short cycle, and the situation of oscillating at a high level also means that the price is maintained at a high level. Oscillating at a high level is a very strong performance. Under this form, corrections are often completed through oscillations at a high level, which is a time correction, because the bulls are too strong and will not provide much opportunity for a large pullback. Do not let small adjustments affect the judgment of the trend. The current form cannot determine whether it can break through at once, but do not rule out a roundabout oscillating market, so we will continue to lay out with a long position mindset.

Currently, Ethereum is oscillating near 3430, and the short-term oscillation range on the four-hour chart is gradually narrowing. After a long one-sided volume, it has entered a correction, and the Bollinger Bands are gradually running in. It is expected that the oscillation will continue during the weekend. Pay close attention to the form on the weekend evening. From the current form, it is still difficult for the bears to continue strongly. The daily level MA7 moving average support is near 3350, and the BBI support is at the 3250 level. The effective supports are 3350-3250-3200 near the daily support, and the upper pressure is at 3455-3480. If it breaks through, it will test the new high of 3600. On the four-hour chart, the MACD, KJD, and OBV are all synchronously downward. The four-hour moving average and SAR support are near 3370-3355, and going short requires watching the downswing. Going long can be considered after breaking through the upper resistance of 3480.

In this market, it ultimately comes down to ability. If your ability is insufficient, what the market gives you will eventually be taken back. Therefore, when your wealth exceeds your ability, you need to control the drawdown, although this control is futile because that kind of profitable arrogance and arrogance will ultimately destroy a person's rationality. However, in the capital market, we don't have to worry about the situation where our wealth is lower than our ability, because this kind of imbalance will eventually be corrected by time. If it is not corrected, there is only one reason, which is that your ability is insufficient. If you are still in a state of confusion, don't understand the technology, don't know how to read the market, don't know when to enter, don't know when to stop loss, don't know when to take profit, randomly add positions, get trapped at the bottom, can't hold onto profits, and can't seize the opportunity when the market comes. These are common problems among retail investors, but it's okay. Come to me, and I will guide you with the correct trading mindset. A thousand words are not as good as one profitable trade. Instead of frequent operations, it's better to be precise with each trade, making each one valuable. What you need to do is to find me, and what we need to do is to prove that our words are not empty. 24-hour real-time guidance for trading. The market fluctuates quickly. Due to the impact of review timeliness, real-time layout based on actual trading is the main focus for the subsequent market trends. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。