Shanhe Brother's Coin Analysis: Monday's Bitcoin and Ethereum Trading Suggestions and Analysis Strategies

CN
1 year ago

Those who hesitate lose opportunities, those who wait have no opportunities, and those who wait forever have no opportunities. When each wave of the market emerges, all that is left is your own regret and frustration. The morning of Monday, the big coin once again retreated from the recovered high point of 68972, falling all the way to the lowest point of 66814 and rebounding, reaching a high rebound of 68283. Ethereum followed the same pattern as the big coin, first falling from the high point of 3682 to the resistance of 3560, and then rebounding to 3630. In the morning, we suggested first following the downward trend and then looking at the rebound recovery range. The market basically followed my expectations, and the strategies were all validated. In the morning, Shanhege first entered a short position near 68100 and 3621, and exited near 66950 and 3566, capturing 1150 and 55 points respectively. Later, based on the intraday signals, during the rebound, he decisively entered a long position, capturing a wave of rebound recovery. He entered a long position near 67400 for the big coin and 3589 for Ethereum, and then exited near 68150 and 3625, capturing 750 and 36 points respectively. Monday morning also saw a relatively perfect start.

As for the current market situation, the rebound of the bulls does not necessarily evolve into a return of the bulls. When the price repeatedly supports a support level, it does not mean that the support at this level is effective, but rather that the support at this support level is gradually weakening. The repeated testing and the repeated range are constantly compressing. The fall cannot rebound quickly, and coupled with the fact that the upper pressure has formed a clear downward pressure line, breaking through the support level is a high probability event. From a weekly perspective, since the big coin formed a large cyclical upward trend to the 38545 level, there have only been two instances of bearish candles, and there has not been a continuous bearish trend. After each bullish trend, there has been a corrective pullback, which is the appearance of bearish candles. After the correction, there has been a breakthrough and extension of the high. Therefore, the current pullback is what we are experiencing now. Similarly, the weekly pullback has not exceeded the situation of double bearish candles. In the first half of the week, we can take advantage of the pullback, and in the second half of the week, we can start to enter long positions at low levels, preparing for the weekly trend reversal next week.

At noon on Monday, you can directly short near 68900-68800 for the big coin, with a target range of 67500-66500. For Ethereum, you can directly short near 3660-3650, with a target range of 3550-3500. Regardless of whether you are a novice or an experienced trader struggling in the market, or seeking a stable profit method, you can find me. You can follow the public account: Shanhege Lunbi for real-time guidance and strategy benefits.

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