Zongheng Freely: It's time to remind ourselves of the risks again, always hold a sense of reverence for the market.

CN
14 hours ago

Emotions are a kind of thought and feeling deep within a person, but they can easily be influenced and controlled by external factors, leading to fluctuations. Therefore, in real life, everyone has psychological weaknesses that make it difficult to control their emotions. To overcome oneself, one must first learn to master their emotions, and in doing so, they also take control of their destiny!

Recently, the market has been oscillating at high levels, with the price rebounding and continuously refreshing its highs. However, the upward trend is slow, and there isn't much content to write about, with fewer updates to the articles. Today, I feel that there are some small changes in the market, so I will provide a brief analysis. Upon careful observation, the current Bitcoin trend presents a complex and critical situation. We have mentioned multiple times that in the market above 100,000, the price has been pushing upward against divergence, successfully closing at a new high on the daily chart, indicating strong bullish momentum. The overall structure remains in a slow upward oscillation, and as long as there is no bearish force breaking through key support levels, we will continue to view it as a slow rising market. However, it is important to note that this slow upward movement of the bulls may lead to a depletion of bullish energy, while there is some resistance above. The key level to watch is 108,500 USD, which needs to be monitored closely.

Looking at smaller time frames, we have recently seen frequent oscillations resembling a back-and-forth pattern, indicating that both bulls and bears are competing for liquidity in the current market. When the price retraces to the lower liquidation zone, it is met with significant buying pressure, preventing a bullish liquidation event. Conversely, when the price enters the bearish liquidation zone, some selling pressure appears, preventing a direct bearish liquidation event. The only change is that the highs during the rebound keep appearing, suggesting that the bulls currently hold an advantage in this direction, but there may still be a trend of oscillation in the short term.

Overall, we are currently in a very typical oscillating slow rising market structure. The key level for upward movement is 108,500. Once broken, there is a high probability of seeing historical new highs. To consider a trend reversal for the bears, we need to look at the 102,000 level, as this low support is crucial for the bears.

In terms of operations, the recent market has been quite difficult to navigate, especially in the short term, as the trend changes rapidly. Based on recent price movements, most of the time, there is a morning rebound followed by a pullback, and then another rise. Currently, with the price around 107,500, consider a short position with a stop loss at the breakout of 108,500. This allows for short-term participation, and if the price approaches the 104,000 area later, we can consider entering a long position based on the specific trend.

As for Ethereum, after several days of strong performance, there are signs of slowing down in the short term. However, after a potential pullback to clear out previous profits, it should be able to rise better. For now, I plan to participate again around the 2,350-2,400 range.

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article is subject to review and publication, and market conditions change in real-time. The information may be outdated, and strategies may not be timely. Specific operations should follow real-time strategies. Feel free to contact and discuss the market.】

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