Yesterday morning I said: 1. This position looks like $BTC is forming a bullish continuation; 2. 114900 (possibly 114723) seems to be starting an upward impulse wave; Currently, this statement has been further confirmed. There are two short-term long positions as shown in the picture, one on the left and one on the right. If the left side retraces without breaking, it can be held; if the right side breaks and retraces without breaking, it can also be held, with a target of 13+. The advantage of entering here is to avoid ineffective operations in the previous consolidation range, which can wear down positions and mindset; If this range turns out to be a false move, stop-loss can be set easily (the stop-loss is to guard against this scenario).
陈桂林
陈桂林27.7. klo 12.08
After running, I took a nap. With sufficient sleep and effective rest, my mind became clear, and I thought I could check the market. $BTC Technical Analysis 1. From a larger perspective, the upward trend of Bitcoin has not deteriorated. Objectively speaking, in the judgment of whether this phase is a continuation of the upward trend or a topping process, it should be defaulted to a continuation of the upward trend; 2. However, from an operational perspective: 1) chasing highs is for the unfortunate; 2) taking profits and selling high is always correct; 3) similarly, just stating the facts, the difficulty of operations after entering a consolidation zone is far greater than before. Many times, the price of Bitcoin does not change, but the positions are gone; 3. Currently, the upward movement starting from 114908: 1) seems to be forming a push pattern; 2) it has rebounded to the 0.618 position of the last downward segment; this movement gives 114908 the potential to form a bottom, which needs to be observed: regarding the pullback strength of this upward movement, as long as it does not break the level, it will be a relatively high cost-performance opportunity to enter. $ETH has always been quite unscrupulous in terms of washing the market. The volatility is greater than Bitcoin, and the manipulation by the bad actors is also greater than Bitcoin; here are two points to consider when trading Ethereum: 1. Whether Bitcoin is dead or not. If Bitcoin is dead, it likely means the bull market is over. Even if Ethereum struggles, it won't gain much; it will only follow Bitcoin after sufficient turnover at the top; 2. Check if the E/B exchange rate remains strong. Currently, the exchange rate is at the end of the second upward segment (subjective judgment).
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