Warren Buffett once said, "If you are on the wrong road, running is of no use." Li Hui suggests that no matter how accurate your grasp of the market is, you should not over-leverage in contract trading. Risk control must come before profit. Entry decisions should be based on the breakthrough of support or resistance levels, avoiding frequent trading, and managing positions and profit expectations reasonably. Spend more time observing, patiently wait for opportunities, to reduce the cost of trial and error, enhance self-discipline and confidence, be prepared to avoid blind operations. Maintaining good trading habits and steadily making progress is the key to long-term profitability in the market. Li Hui will continue to use professional knowledge to help every investor achieve wealth growth, and wishes everyone to achieve financial freedom in 2024. Keep it up!
September 14th, Li Hui: Bitcoin evening market analysis and operational suggestions:
Yesterday, the big cake just provided a short opportunity at 60500-60900, as expected, it pulled back, but the downward momentum was slow, similar to the trend of the previous few days, but it also provided a space of over 700 points, still a bit short of the second target.
In the 1-hour chart, the Bollinger Bands continue to contract, the volume decreases, but the DIF and DEA are converging, and the EMA multiple moving averages are rising, indicating that the bullish indicators are still strong.
In the 4-hour Bollinger Bands channel, the candlestick pierced the EMA10-EMA15 range again, but the volume above the zero axis is not very strong, the DIF and DEA are converging, and it is expected to form a second rebound, similar to the pattern of the previous day. It is expected that the pullback after yesterday's high is almost over, plus it's Sunday, from a short-term perspective, it is biased towards oscillation. Therefore, the range is given to the upper rail of the 4-hour and the previous high. Try to maintain a low long position, because the daily golden cross is still continuing, so after the oscillation, there will be another high.
Suggested to go long lightly in the pullback range of 59500-59300; reserve the range of 58700-58400 for adding positions, stop loss at 58100, target the range of 60000-60400, and break through 60500-60800 to reach around 61600.
Article review push has a delay, the market changes in an instant, specific entry opportunities need to be combined with actual trading operations, and real-time notifications are the standard. The suggested points in the article are for reference only, do not over-leverage, and please set stop-loss and take-profit when entering the market. Take profits when the time is right!
I, Li Hui, interpret world economic news, analyze the global trend of the currency circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies during my study and further education in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Lihui), for reference only, at your own risk. May we remain humble and brave in the complex currency circle, fear no challenges, and be brave to explore. Just as "The road ahead is long, I will seek and explore," I hope that we will keep pace with the times, draw wisdom, travel thousands of miles, experience the wind and rain, and comprehend life.
Under Li Hui's guidance, may you play to your strengths, create value, remember the market's baptism, and stay true to your original aspirations. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose the future's brilliant chapter, sharing the joy of success. Let us work together to create brilliance in this investment journey full of challenges and opportunities!
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