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Good morning: Analysis of market data trends and review of strategy execution: →♥
Currently, the overall trend of Bitcoin and Ethereum remains strong, still making small upward movements. Short positions are not winning, and chasing long positions requires trading in phases. Therefore, if Ethereum is not easy to operate, you can also wait and see. If you want to participate, do so with a light position. As for short positions, they are getting closer to the historical high of 4800+. If we attempt to test the double top resistance in these approaching areas, I think it is feasible. If you want to place left-side orders, then place them in batches at those key positions. If it's right-side, then you'll have to wait.
Bitcoin has a relatively high probability of breaking new highs. We will provide a reference for the next high point based on the first peak position of 123300 later. When going long, it is also feasible to enter with a light position and take profits in segments. However, there aren't many good opportunities for structured trading.
Altcoins: For some coins, our strategy involves quicker trading rhythms. For example, the IN we mentioned yesterday, we initially entered a long position at point two for a rebound, and we could trigger profits. After that, our live broadcast was relatively late, but we managed to make two short trades after the rebound by switching from long to short. The first time, we were able to profit, and we also provided profit-taking suggestions in our live room. Currently, it has come back up to point two, and we can take another wave. Other altcoin live rooms also suggested play, and timely profit-taking is possible. Regarding Ethereum, we mentioned a right-side short that failed before going off-air, and a left-side small cycle short position didn't really help. So, Ethereum is not easy to operate; chasing longs doesn't yield a sustainable situation. At the beginning of yesterday's live session, we suggested small long positions as feasible. I also chased long around 4400, but it was only for a short distance. There's no way to change the situation; short positions require timely profit-taking and stop-loss management.
I will look for suitable cryptocurrencies again during the day to see if there are any opportunities to trade, and then I will send a strategy for reference.