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 Jinrui from the cryptocurrency circle!

First of all, regarding the market in the past few days, my conclusion is: "It is advantageous to be bullish in the short term from now on." Next, Jinrui will briefly explain the reasons for this conclusion and the future trading strategy.

[4-hour chart]

Currently, the 4-hour 25EMA (63,663 US dollars) is performing quite well in the short term, so it will be advantageous to go short from here. There is no need to hesitate, boldly enter the market for trading.

If the price breaks through the 4-hour 25EMA level (63,663 US dollars), then stop loss can be implemented immediately. However, due to the recent frequent fakeouts by BTC, Jinrui believes that if the price shows strong upward momentum, it is more likely to continue rising rather than encountering chip selling.

Therefore, Jinrui will not take action against strong upward movements at the moment. Even if the price slowly rises and breaks through the 4-hour 25EMA moving average (63,663 US dollars), Jinrui believes that there is still a possibility of another decline, so it is not too late to go short below the 25EMA moving average.

[1-hour chart]

In addition, there are two reasons why Jinrui is bullish in the short term: there has been a rebound even at recent lows, and the RSI indicator value is close to 30 (an oversold signal).

Although this is a short-term trend, Jinrui believes that being bullish is feasible. We can see the profit points: 1-hour 25EMA moving average (63,314 US dollars), 4-hour 25EMA moving average (63,663 US dollars). Because if you want to hedge the risk by going short at the 4-hour 25EMA moving average, Jinrui believes that you don't need to chase long excessively today.

Jinrui suggests that if you make a profit today, you should take the profit immediately. In addition, the moving averages in the chart have started to tilt, which means that the market price is likely to continue to decline. If it falls below the moving average, we need to stop loss immediately and then formulate the next strategy.

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

I have years of in-depth research on spot contracts, BTC, ETH, and various altcoins. If you are not doing well in trading, experiencing long-term losses, or getting stuck in trades, you can follow my public account (Jinrui from the cryptocurrency circle). Investment involves risks, so be cautious when entering the market. The market fluctuates every day, and all I can do is to provide help based on my years of practical experience, guiding your investment decisions and management in the right direction.

The end of the article and other advertisements in the comments section are not related to me personally!! Please be cautious in distinguishing between true and false information. Thank you for reading.

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