1:15 PM


The current market trend and expected position are quite similar, it's just that the process is slightly different. We can review yesterday's thought process, strategies, and general direction. The major cryptocurrencies like Bitcoin and Ethereum are still performing well, the first take profit level has been reached. Although personally, I wasn't able to hold on, probably because my mindset hasn't been very stable lately. I still need to work on executing my plans. Tonight, there will be CPI data, and based on my personal technical analysis, the overall trend is upward. Moreover, yesterday's first minor resistance at 3930 has turned into support, with the strongest support at 3880. Currently, 3960 seems to be stabilizing, so we can see the area above 4000. The strategy is primarily to go long at lower levels.
So the strategy is easy to set.
Near 3930, open a long position; near 3900, add another position. Stop loss below 3880, take profit at 3958 (reduce position) - near 4000-4050. For Bitcoin, follow yesterday's strategy; the take profit levels remain unchanged. If unclear, you can refer to yesterday's strategy.
BTC3.19%
ETH5.5%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)