Technology is becoming simpler, and the mindset is gradually becoming simpler. Now is the time to wait, to dare to pursue, to dare to stop loss, and to make a profit. The process of implementing the rules of the currency market is also a process of convincing oneself, constantly persuading oneself to become better. The cultivation of human nature begins with stop-loss and take-profit. Willing to accept losses and confidently win. Making trades is a process of solving various psychological barriers brought by investment and reshaping one's behavior.

Market Review:

The current market trend is quite extreme. In the past few days, a perfect "door" can be seen in the 4-hour chart, with two large bullish candles pulling up to around 28160, followed by a day of oscillation and adjustment, and then three large bearish candles falling back to the original position, with the lowest point reaching around 25620. This decline has taken back the gains from two days ago, coinciding with the end-of-month window. The market sentiment has dominated the field recently, and I feel that the true direction has not yet emerged. The smoke is thick, and we must not lose sight of the true direction. Currently, my attitude towards the current market is not pessimistic! The long position train of thought was stopped out yesterday, and next, let's take a look at the intraday trend!

Market Analysis:

From the daily chart, it can be seen that the support at 26000 is still very strong, with a slight dip in between, but no continued downward trend. In the 4-hour technical structure, after the midnight retracement, there is also a gap between the candlestick and the MA5. Currently, the indicators are in a low-level upward stage, so there will be a short-term rebound. Seize the entry points and layout long positions. Intraday, it will continue to move within the range of the box oscillation. Manage the long and short positions well within the range, and focus on the subsequent market breakthrough after the box is broken. Pay close attention to the non-farm payroll data released in the evening! The decline in August has become the end of this stage, and September will be a month of bottoming and rebounding.

Trading Suggestions: (Published on: 2023.9.1 11:20)

BTC: Long at 25800-25500, target 26600/27300 (Reverse to short if it does not break 27500)

ETH: Long at 1630-1610, target 1670/1700 (Reverse to short if it does not break 1700)

(For those with empty positions, consider entering at the current price, with a position not exceeding 5% of the total portfolio)

Disclaimer:

The market changes rapidly, and individual opinions and suggestions are not real-time and are for reference only. For those without entry points, wait in cash. Friends who are unsure about entry points can follow the official account below to get real-time entry points based on the market conditions.

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