Coin Circle Golden Rui 4.17: Market Weakness Not Pessimistic Because You Can Continue to Short!

CN
1 year ago

Only with a calm mind can one achieve great success in investment. Making money is the only goal, everything else is just empty talk. Making money is the key. Hello everyone, I am AICoin Jinrui!

Due to the tense situation in the Middle East, it is expected that selling operations related to financial assets will increase. At the same time, some analysis indicates that due to reduced new supply, there may be a significant increase in selling operations before the "halving of production."

As Jinrui mentioned before, the market trend is still bullish in the medium to long term ⤴️, so there is no need to be overly pessimistic.

"BTC Daily Chart":

Looking at the daily chart, there was a long lower shadow candlestick yesterday, indicating potential for further upward movement. However, the trend at the daily level is still bearish before breaking through the 25EMA, indicating continued weakness in the market.

[4-hour chart]:

A bearish head and shoulders pattern has formed on the 4-hour chart, with lower highs indicating a prevailing downtrend. Even if the neckline is broken, Jinrui suggests considering the possibility of a continued decline after a false breakout.

Therefore, the trading recommendation for today is to short under the short-term pressure of the 4H 25EMA (64,755). Jinrui believes that I will maintain a bearish view until the 25 and 75EMA at the 4-hour level are broken.

If you want to receive real-time information later, please like and share to let me know 🙌🏻. If this is helpful to you, I hope you will like it ❤️ and follow me, looking forward to your support.

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are experiencing difficulties in trading or long-term losses, or if your trades are stuck, you can follow my public account (AICoin Jinrui). Investment involves risks, so please be cautious when entering the market. With the constant fluctuations in daily market conditions, all I can do is to use my years of practical experience to help you make the right investment decisions and manage your operations in the right direction.

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