Zhao Qinchuan: Enjoy the holiday together. The energy conversion of the monthly trend, stable rebound for shorting within the day.

CN
1 year ago

This content is exclusively created by senior analyst Qin Chuan, who has been researching Bitcoin, Ethereum, contracts, spot, gold, foreign exchange, stocks, and other investment fields for many years. Currently, he mainly guides contract operations, has a solid theoretical foundation and practical experience, excels in combining technical and fundamental analysis, emphasizes on capital management and risk control, and has a steady and decisive operating style. He is widely recognized by investment friends for his amiable and responsible character and decisive operations. For real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, please follow the public account: Zhao Qin Chuan.

Disclaimer: The following analysis represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment carries risks, so please be cautious when entering the market.

2024.5.1 BTC————————

The monthly candlestick formed a bearish close, completing the conversion of long and short energy. The psychological level of 60,000 has been maintained at a high level for two months. If it falls below the support at 60,000, it will form a monthly top-bottom conversion. However, this can only be determined after the close of May. Despite the severe bearish arrangement on the daily chart, there has been no effective rebound. The indicators on the chart are all operating in oversold positions at the bottom. The daily resistance has shifted down to around 62,800. Currently, the price is struggling to stabilize above 60,000 in the early session. On the four-hour chart, the price is definitely running within a downtrend channel, with attention to the 62,500 level as the resistance. There are signs of a rebound from the bottom on the hourly chart. After the Bollinger Bands converge, the price may maintain a fluctuating trend for more than 5 hours. Only a breakthrough of 61,200 can provide the momentum for further upward movement. Based on the above, it is suggested to short Bitcoin for an intraday rebound.

Pending order:

Short at 62,800-62,500, with a 300-point stop loss, and a target of 800-1500 points or more

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

2024.5.1 ETH————————

The daily candlestick of Ethereum formed a "evening star" pattern, indicating a weak posture in the overall sentiment. If there is no strong support force in the future, it will show a weak posture. The first upward resistance at 3,150 on the daily chart is under pressure. Although the bullish volume of the MACD indicator is rapidly shrinking, the conversion has not been completed. On the short-term four-hour chart, although the Bollinger Bands are opening, the price is currently running within a downtrend channel. The continuous downward shift of the resistance and the shrinking of the bearish energy of the MACD indicate that the overall price is maintaining a low-level oscillation, waiting for a buildup of energy to find an upward movement. It is recommended to pay attention to the resistance at 3,170 on the four-hour chart. Only a breakthrough of 3,030 on the hourly chart can provide a certain upward momentum. Based on the above, it is suggested to short Ethereum for an intraday rebound.

Pending order:

Short at 3,140-3,170, with a 35-point stop loss, and a target of 60-80 points or more

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

In the market, there are countless changes and cycles. Inner cultivation and external practice are essential. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life lead to different results. Without great aspirations, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a story of learning and growth. It's a tough journey with beautiful scenery. Never forget your original intention, and you will eventually succeed.

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