Tracking real-time hotspots in the currency circle, seizing the best trading opportunities. Today is Thursday, March 28, 2024, and I am Yibo! We are not predicting trades, but actually observing market fluctuations (narrowing, spreading), structure (market batch structure), emotions (external market US stocks, US dollars, etc.). As a trader, you (through trading) affect prices, and prices also affect your emotions and behavior.
Currently, the long and short forces are relatively balanced, and it is likely to continue to oscillate in the future. However, it is still a bull market at the moment. The pullback and oscillation are actually accumulating strength for a better rise. If we can effectively analyze and judge the market trend through the market trend, we will not be anxious about the short-term fluctuations in the market. The overall market is in a trend of oscillating and absorbing. The public chain sectors Sui, Aptos, and the Meme sectors Wif, Slerf, and other projects have seen rotational increases. The market has passed the early lurking period and the awareness period and has begun to enter the follow-up period. At this stage, more and more investors are entering the market, and funds are pouring in but have not reached the final frenzy period. Usually, the frenzy period will see a rapid rise in the market, and the Fomo sentiment will reach its peak. But at the moment, it is clear that the market has not reached this stage yet, and many people have not yet entered this bull market. What we need to do now is to find ways to hold more spot goods, not to get off easily, and we can reap the dividends of this industry growth!
Bitcoin's needle insertion near 71850 in the US market yesterday intensified selling pressure, with the lowest probing to 68400. In the morning, it rebounded to a high of 70080. The overall oscillation and volatility space intensified, and some trapped positions and profit-taking positions below began to close. As long as there is no significant volume decline, a slight retracement is acceptable. The overall rebound structure has not been broken. Currently, the impact from Grayscale's selling pressure is gradually decreasing, and the spot ETF has changed from outflow to inflow. As long as there is no significant volume breakthrough below 68600, we still maintain a bullish attitude. Operation can be conducted around the key resistance and support point of 68600 below, and subsequent attention should be paid to the upward momentum. If it is strong enough, the target is still above the new high. From the chart, the 4-hour level is still relatively strong. The current retracement first needs to focus on whether it can effectively break the early morning low of 69300. Further support should be focused on 66700. If effectively broken, the short-term trend will weaken, returning from the upward trend to a wide oscillation.
Ethereum's needle insertion near 3670 in the US market yesterday intensified selling pressure. The strong pull at 3700 failed to pierce through, and it fell below 3500 again at midnight, probing to a low of 3460. The overall space has narrowed again, indicating heavy selling pressure in the chip area above. Currently, looking at the hourly chart, after the BOLL channel continued to open downward for several days, the turning point of continuous decline and stop-loss point yesterday is basically equal. In the short term, the coin price has returned to the 3500 range, and the chart has continued to provide repair forms. In the short term, there is some upward resistance above 3555 on the four-hour chart. Currently, the price belongs to the Bollinger oscillating market. If the price can stabilize above 3550, then the price will definitely test the suppression situation of 3620 during the day. Ethereum is generally weak in the short term, with support at the 3422 level below, and 3450 has formed a support line for the hourly level. Therefore, overall, it is recommended to sell high and buy low for Ethereum during the day.
In this market, it ultimately comes down to ability. If your ability is insufficient, what the market gives you will eventually be taken back. So, when your wealth exceeds your ability, you need to control the retracement, even though this control is futile, because that kind of profitable arrogance and arrogance will ultimately destroy a person's rationality. However, we don't have to worry about the situation where our wealth is lower than our ability in the capital market because this kind of imbalance will eventually be corrected by time. If it is not corrected, there is only one reason, and that is our own lack of ability. If you are still in a state of confusion, don't understand the technology, don't know how to read the market, don't know when to enter, don't know when to stop loss, don't know when to take profit, randomly add positions, get trapped at the bottom, can't hold onto profits, and can't seize the opportunity when the market comes. These are common problems among retail investors, but it's okay. You can come to me, and I will guide you in the right way of trading. A thousand words are not as good as one profitable trade. Instead of frequent operations, it's better to be precise, making every trade valuable. What you need to do is to find me, and what we need to do is to prove that what we say is not empty. 24-hour real-time guidance, the market fluctuates quickly, due to the impact of timeliness during review, for the subsequent market trends, real-time layout based on actual trading is the main focus. Coin friends who need contract guidance can scan the QR code at the bottom of the article to add my public account.
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