Zhao Qinchuan: Always shorting with the trend, always feeling great. Stay tuned for further trading insights.

CN
3 months ago

Market laws, twists and turns, cycles of change, internal 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. The success story of an investor is actually a history of learning and growth. The road is tough, but the scenery is beautiful. Never forget the original intention, and you will reach the end.

2024.7.4 BTC————————

The daily chart of Bitcoin continues to decline and breaks through the 61500 line to form a top-bottom conversion. The MACD indicator on the chart shows a bearish trend with a second surge in volume, indicating a continued bearish trend on the daily level. In the short term, the price is running within the Bollinger downtrend channel on the four-hour chart, and the previous low of 58200 on the left side indicates some short-term support within the day, but does not represent the bottom of this round of decline. The resistance near 61700 on the four-hour chart is being watched, and the Bollinger on the one-hour chart is starting to contract, indicating continued oscillation in the short term, with attention on the resistance near 61300. If the key level of 60000 is further broken in the short term, then the support below needs to be watched around 59500. In summary, it is suggested to continue shorting Bitcoin in the future.

Pending Order:

Short at 61500-61800, with a 500-point stop loss, target above 800 points

(Strategy activation can only be used once, and the placement can be arranged independently)

2024.7.4 ETH————————

Ethereum continues to probe below 3300 on the daily chart and sees a rebound below this level. The current price is maintaining around 3300, with upward resistance on the daily chart at 3370. In the short term, the Bollinger is running in a downward channel on the four-hour chart, and if the price fails to rebound, attention should be paid to the support level around 3180. There is a certain top-bottom conversion pressure at 3350 on the candlestick chart, and the technical aspect is more inclined to focus on the area around 3380. The support on the one-hour chart is around 3230, and the resistance above is around 3380. In summary, it is suggested to mainly short Ethereum in the future.

Pending Order:

Short at 3350-3380, with a 50-point stop loss, target above 50-80 points

(Strategy activation can only be used once, and the placement can be arranged independently)

This article is exclusively written by senior analyst Qin Chuan. He has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with a 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 widely recognized by the investment community for his amiable and responsible character, as well as sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, 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. Trading based on this information is at your own risk. Investment carries risks, so market entry should be cautious.

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