Last Thursday, due to personal reasons, I didn't update the article for several days. However, on Friday morning, this account received a prompt in the community that both BTC and ETH were in the third segment of the hourly level and were expected to move upwards. At that time, the price of Bitcoin was 57350, and Ethereum was at 2520. The actual situation over the weekend verified the trend, with Bitcoin reaching a high of 60284 and Ethereum reaching 2689.
Currently, it seems that both Bitcoin and Ethereum have moderate upward momentum, but they are being resisted at key points and are currently in a brief pullback phase. Structurally, both Bitcoin and Ethereum can be seen as oscillating at the hourly level. Those familiar with the "缠" theory know that the central axis has traction and is a fierce battle between bulls and bears before a winner is determined. It can be a situation where bulls are constantly consuming bears, or bears are consuming bulls. It continues until one side completely depletes the energy of the other, guiding the price to leave this central range. However, it is important to understand that the central axis has no direction! After oscillation, it can leave upwards or downwards. This requires us to follow the trend in trading and strictly focus on the support or resistance at the upper and lower boundaries of the central axis, as well as the highest and lowest points. To excel in central axis oscillation, the simplest method is: central axis oscillation strategy!
Sell short on secondary bearish divergence above the central axis, and buy long on secondary bullish divergence below the central axis!
The definition of the central axis oscillation strategy is simple, but the difficulty of operation is not small. To excel in this strategy, it requires long-term learning and accumulation, facing the 24-hour operation of the currency circle and the absence of price limits. It also requires dealing with various news stimuli or the impact of various small to large changes. Therefore, for beginners or those who are not so proficient in technical analysis, here are some suggestions:
Enlarge the trading level, the larger the level, the higher the fault tolerance and the greater the profit margin. Also, learn to give up opportunities that are not clear in internal structure and focus on opportunities with clear internal structure and obvious turning points that you are good at. Sometimes, staying out of the market and waiting is one of the best coping strategies in the trading process.
Below are the 1-hour real-time trend charts for Bitcoin and Ethereum for reference:
The above analysis is for reference only and does not constitute any investment advice!
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