Zhao Qinchuan: Accurately predicting shorting at high levels, with today's follow-up operational viewpoints.

CN
1 year ago

Market laws, twists and turns, cycles of change, inner cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable challenges; the success story of an investor is actually a history of learning and growth. The journey may be arduous, but don't forget the original intention, and you will eventually succeed.

2024.5.7 BTC————————

The short position accurately predicted the peak at 65200 set on the 6th, with the highest price hitting 65500 and then falling to around 62650 yesterday afternoon, successfully achieving a profit target of over 1500 points. Congratulations to friends who followed the actual combat! Today, the daily chart is under high pressure, focusing on the 64200 level, with support around 62000. Overall, the daily chart tends to oscillate and recover after a decline. The four-hour chart shows the Bollinger Bands starting to contract, with prices generally maintaining a trend of oscillation leaning towards a decline. The upward resistance on the four-hour chart is around 63600-63800, with support around 62100. The MACD on the chart shows a conversion of long and short energy, with the fast and slow lines diverging downwards. In general, the suggestion for the future market on the four-hour chart is to focus on the trend of continuing to fall after being blocked by an increase. The price on the one-hour chart has been maintained within a downtrend channel, with the entire downtrend range focusing on 63800-61800. In summary, it is suggested that Bitcoin will continue to rebound and go short within the day.

Pending orders:

Short at 64200-63800, defend at 500, target 500-1500 points or more

(Strategy activation can only be used once, and the space can be arranged for bagging)

2024.5.7 ETH————————

The short position in the range of 3190-3230 for Ethereum was successfully activated yesterday, and friends who followed the actual combat all gained a profit space of over 60 points. Congratulations to friends who followed the actual combat! The price fluctuated around 3050 on the daily chart, and currently, there is no obvious support level below for Ethereum to reference. It is suggested to focus on the range of 3160-3180 for high resistance. In my personal opinion, if Bitcoin does not find support at 62000 and moves upward, it will be difficult for Ethereum to stabilize above 3000 and continue to absorb. Therefore, the mainstream view is still to go short on Ethereum's rebound within the day. Although there may be some profit space for bottom fishing at the current price, if the price continues to decline, the risk will increase, which does not conform to the logic of making orders. The price on the four-hour chart is maintained within a downtrend channel, with support around 3020 and resistance around 3120. The Bollinger Bands on the one-hour chart are running with an open mouth, showing a slight divergence at the bottom. The price will have a certain upward space after the support at 3040. In summary, Ethereum is expected to continue to rebound steadily and go short.

Pending orders:

Short at 3160-3120, defend at 40 points, target 50-90 points or more

(Strategy activation can only be used once, and the space can be arranged for bagging)

This article is exclusively written by senior analyst Qin Chuan, who has been studying the investment fields of Bitcoin, Ethereum, contracts, spot, gold, foreign exchange, stocks, etc. for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control. His operating style is steady and decisive, and he is recognized by the majority of investment friends for his amiable and responsible character, as well as decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlesticks, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment is risky, so be cautious when entering the market.

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