Anything valuable and meaningful in life requires our efforts and hard work to obtain. What you get depends on what you give. So, instead of envying those with a halo above their heads, learn to admire those who face difficulties with ease.


Compared to the previous two trading days, the market momentum slowed down today, with fluctuations dominating. Let's briefly review today's market. The morning session saw an upward breakthrough above the 57000 level after opening around 56000, but it did not attract much continuation of long positions. The market came under pressure and fell back to 57200 at noon. The market data in the afternoon remained volatile. In the evening, long positions surged to around 57700 but then fell back under pressure. Shorts increased in the evening and hit a low of 55600, supported by the 55600 level. Today's layout was relatively perfect, starting with a short position in the morning and switching to a long position after securing profits, effectively capturing the market movements throughout the day. The total profit from three long positions and one short position in BTC was 3327 points, while the total profit from the positions in the altcoin was 205 points. Regardless of the market's ups and downs, we accurately seize the opportunities, showcasing our strength.
As for the current market data, the daily candlestick is currently a doji, and the trading hours are probing the resistance level above, pulling up and forming an upper shadow line. The bullish candlestick the next day manages to recover to a certain extent, but the obvious resistance at the top is still present. There will still be retracement and upward shadow lines during the day. Looking at the four-hour chart, the Bollinger Bands are still contracting downward, and although the trading range of the candlestick has broken through the middle track, the volume of long positions within the day is obviously insufficient to push higher and still needs to continue to accumulate strength for long positions. The trading range of the current candlestick revolves around the middle track for retracement and downward movement. The KDJ indicator line has formed a death cross, but this kind of market is not expected to provide too much downside space. In the short term, the market data continues to oscillate, and operationally, it is advisable to continue to look for small retracements and maintain a bearish view on the rebound.
BTC0,28%
ETH-0,28%
View Original
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
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 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)