The market is weak, waiting for a pullback to support, maintaining a strategy of buying on dips.

CN
1 year ago

Crypto News

April 27th Hot Topics:

1. Republic First acquired by Fulton Bank, becoming the first bank to collapse in the United States this year.

2. Grayscale's GBTC Bitcoin holdings fall below the 300,000 BTC mark.

3. Trump's "Mugshot Edition NFT" issuer has engraved its Bitcoin Ordinal version.

4. Arkham: WBIT holds 8,900 BTC in 134 wallets.

5. Franklin Ethereum ETF EZET listed on the DTCC website.

Trading Insights

The biggest mistake in trading is easily making the same mistake, which is a taboo for trading. When a major pullback comes, you will regret not managing your position early, not reducing your position early, and not setting a trailing stop early. When the market faces rapid expansion, you will regret not heavily buying at the low point. After summarizing the problem and learning the lesson, you repeatedly tell yourself that you won't do it next time. But when the same situation arises again, you will repeat the same mistakes. You know that trading is your own business, but you always want a little comfort from others. You know that you have reached the stop-loss point, but you always hope for a miracle. Greed is at play behind everything. Only by reducing desire will your mind be clear. Everyone's trading habits are different, but the reasons for losses are the same. This is human nature. The biggest obstacle on the trading path is understanding oneself, understanding human nature, and controlling losses within a manageable range, which is the shortcut on the trading path.

Search for the public account: "Big White Coin Forum"

BTC

Analysis

Bitcoin's price fluctuated little during the day yesterday, quickly rebounding to around 63,680 after a pullback in the evening, reaching a high near 64,780 but failing to hold, congratulations to friends who followed the strategy for earning a thousand points on long positions. Currently, the price is running near 62,650. The rebound strength on the four-hour chart is weak, with the candlestick once again closing lower and breaking the previous low. The MACD is running bearish with a downward cross of the two lines. From the trend perspective, the bearish trend is dominant, and there is still a demand for a downward trend in the short term. Short-term attention is on the 62,000 support level. The daily chart shows consecutive bearish candlesticks, engulfing the previous gains. Currently, there is a demand for another pullback to the MA90. As long as it does not break 60,000, there should be no major issues. The strategy remains the same as yesterday, with an extended oscillation period. In the short term, it's more about shorting at high levels and longing at low levels, while in the long term, it's about buying on dips. Resistance above is at 63,500-64,500, and support below is at 62,000-61,000.

ETH

Analysis

Ethereum's trend is consistent with Bitcoin's. The price rebounded to around 3,170 in the evening but was resisted and fell all the way down to the 3,068 support level. Congratulations to friends who followed the long positions for earning fifty points. Currently, the price is running near 3,110. The four-hour chart continues the bearish trend and falls again, but has not broken the 3,050 support area. The current trend temporarily stops falling and rebounds, with indicators still leaning bearish. If the four-hour chart can close above 3,100, there will be a demand for a rebound; otherwise, it will continue to test downward. Still, pay attention to the 3,050-3,000 support situation. From the daily chart perspective, the trend is weak, with consecutive bearish movements but no matching volume. The expected downside should not be too significant. Currently, it seems to provide an opportunity to buy on dips near the MA120, followed by holding and waiting. Personally, I believe that Ethereum will definitely be stronger than Bitcoin in the future. Resistance above is at 3,170-3,230, and support below is at 3,050-3,000.

Disclaimer: The above content is for personal opinions only and is for reference only! It does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink