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:

Last week, after the market repaired its upward momentum, it fell back, continuing a weak trend without a significant recovery by the bulls. At this stage, the rhythm is basically the same as we previously emphasized, a weak recovery after the bear market, without sufficient market sentiment and bullish momentum to drive the rise. Currently, the coin price is still near our cost point, and long positions can continue to be held. Next, let's take a look at the market situation!

From a technical perspective, on the daily chart, the running channel is in a state of narrowing consolidation, the price broke through the middle track but failed to stabilize effectively, leading to a dip. Currently, it is running below the middle track under pressure, and although the moving averages show signs of a turnaround, the bullish momentum has not been released, maintaining a weak recovery trend. In the 4-hour technical structure, the Bollinger Bands are narrowing, with the candlesticks running above the middle track, and the bullish momentum gradually increasing. Over the weekend, the market was basically in a sideways state, with a relatively slow trend. In the evening, the price retraced to the 25787 level and then rebounded, reaching a high of 26140 overnight, under pressure to adjust. The market is oscillating, and in the short term, with the gradual increase in bullish momentum, attention should be paid to the strength of the rebound. There is a high probability of an oscillating upward trend. The key support level at 25600 should not be broken, and the bulls will test the high again. In terms of operation, maintaining the previous low long strategy is sufficient. Here, we do not follow the trend, but adhere to our own trading philosophy. Small positions should focus on defense, and friends who are unsure about entry points can follow Jiu Ge!

Disclaimer:

The market changes rapidly, and the market fluctuates quickly. Personal opinions and suggestions are not real-time and are for reference only. If there are no entry points, stay out of the market and wait. Friends who are unsure about entry points can follow the public account below to get real-time entry points based on the market situation.

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