Zhao Qinchuan: Accurately predict the bottom long position, follow the trend in the day.

CN
5 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 lead to 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 journey may be arduous, but one must not forget their original intention to achieve success.

2024.7.23 BTC————————

After rebounding from the bottom again on the daily chart, Bitcoin has maintained its high-level consolidation and accumulation. The previous view remains that it will not fall below a certain point and will definitely test the 70,000 mark. Intraday, the focus should be on the 66,500 support for layout. In the short term, the price on the four-hour chart is still within the Bollinger upward channel. Although there are some signs of divergence with the MACD volume, as long as it does not fall below 65,500, there is no need to worry too much. On the hourly chart, it has started a oscillating trend, and overall, it needs to maintain high-level oscillation and consolidation. In summary, the suggestion for Bitcoin is to continue to focus on steady pullbacks for long positions.

Pending order:

Long at 66,500-66,800, with a 500-point stop loss, target above 800-1000 points

(The strategy can only be used once, and the placement can be arranged independently)

2024.7.23 ETH————————

The accurate prediction of the Ethereum daily chart for the support and profit-taking has shown that there is some support for the daily chart, and the MACD indicator shows that the bullish volume is gradually shrinking. In the short term, the price on the four-hour chart is running within the Bollinger downward channel, maintaining a trend of oscillation and decline. The upper resistance is focused on the 3,490 integer level, and the lower support is around 3,410. On the hourly chart, the Bollinger bands are starting to contract, showing short-term signs of stabilization. In conclusion, the suggestion for Ethereum is to continue to maintain a steady pullback for long positions.

Pending order:

Long at 3,380-3,410, with a 60-point stop loss, target above 60-100 points

(The strategy 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 the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. 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 recognized by many investment friends for his amiable and responsible character, as well as his 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. Any operation based on this is at your own risk. Investment is risky, so be cautious when entering the market.

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