Trader Gege: Analysis of Bitcoin and Ethereum Market from July 28 to July 29. Is the end point 5150 where Ethereum regains its dignity and stands independently?

CN
12 hours ago

Those who can buy are apprentices, those who can sell are masters, and those who understand how to hold cash are the ancestors! In trend swing strategies, the choice of entry points is secondary, while the exit points are key. However, good capital management is the soul of trend swing trading.

Hello everyone, I am trader Gege. I've been a bit lazy lately, and the articles have stopped updating for a while. Internally, we've been operating, and this wave of Auntie's rebound has also yielded good results. We started building positions around 2400 and exited completely at 3600 (this can't be seen here, but there are positions to verify). Although Auntie has risen above 3800, the trend only captures its own market. Such market conditions may only present an opportunity once a year; if you seize it, you can achieve good results. Recently, the focus has been on short-term trading.

Today is Monday, let's talk about the market. First, this week's news is quite dense. From Monday to Wednesday, there are the US-China trade negotiations, as well as interest rate meetings and non-farm payroll data. In short, these news events will definitely impact short-term volatility, and there will certainly be many sharp ups and downs in the market, so short-term traders must pay attention.

Given Auntie's recent performance, let's first discuss Auntie. In previous articles, I mentioned my expectations for her rebound and the breakthrough of 2700, followed by stabilizing at 3050. These market trend expectations have been shared in earlier articles and are consistent with my predictions. Following the ideas in those articles should also yield good results.

Auntie's trend is a typical rebound, having gone through a period of independent market movement. Of course, this is predicated on Bitcoin maintaining a range of fluctuations. I've mentioned this viewpoint before, and those who have experienced several rounds of bull and bear markets are aware of it. The weekly K-line shows a continued upward momentum, but the K-line is running above the BOLL upper band and is about to test the previous peak area. Although I remain bullish, I also need to pay attention to key positions where the main force may be manipulating the market. From the current trend, aside from the market manipulation, I personally lean towards seeing a peak around 5150. Note that I am referring to excluding the market manipulation actions in between. Therefore, the operation should be to follow the trend and arrange risk control properly.

For short-term support, pay attention to the 3680-3650 range, followed by the 3530-3500 range, with a focus on the 3500 level. As long as the market manipulation does not break this level, the trend will not change. The short-term important resistance above is in the 4000-4100 area, which is the previous high. Approach this area with caution; if you want to short, ensure proper risk control. This is also a position where the main force likes to dig pits, and who knows, they might be waiting for a key short-term resistance to short, and then it could break through in one go, right? This probability cannot be ruled out.

Bitcoin is still oscillating within a range for now. Following the support and resistance mentioned above should have yielded good short-term results. (The previous support was 116500-115500, and resistance was 119500-120500.) You can compare the market trends with the previous article, and you will naturally understand that this range aligns with the results above. In earlier articles, I predicted Bitcoin's high points: one is around 123000, and the other is around 131000. Friends who have carefully read my articles should remember this. Therefore, continue to pay attention to the two price levels mentioned above for Bitcoin, while the short-term support below remains at 116500-115500. As always, try to follow the market trend and capture your own profits. For the short term, refer to the ideas presented; do what needs to be done, and ensure good risk control. I won't write specific strategies; you can think for yourself.

The suggestions are for reference only. Ensure proper risk control when entering the market, and manage your profit and stop-loss spaces accordingly. For specific strategies, consult during trading.

Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions regarding Bitcoin and Auntie, find Gege.

Written by / I am trader Gege, a friend willing to accompany you in your resurgence.

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。

冲榜 Bitget KCGI 抢600万美金!注册立返10%,赢6200U
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink