This article is exclusively analyzed by Baiqi & Guanyuyu, representing the exclusive viewpoints of Baiqi & Guanyuyu. They have in-depth research and practical experience in BTC, ETH, and various altcoins. Due to the timing of the article, the following viewpoints and suggestions are not real-time and are for reference only. Please bear the risks and indicate the source when reposting. Reasonably control your position when trading, and do not overexpose or go all in. For more cryptocurrencies and spot trading strategies, please follow the official account.

BTC

Yesterday's review: After breaking the trend line and unilaterally falling, it formed a bottom. Currently consolidating sideways.

Recent focus: Support at 57600 below, support at 54600 below, resistance in the range of 61200-62700 above.

Key focus: Support at 57600 below, resistance at 61200 above. Extreme pin position at 62700.

If the 61200 resistance is effective, go long on a rebound to 57800 without breaking. Also, pay attention to a breakthrough below 57600, which may lead to an accelerated downtrend.

Structural form: W bottom at the 30-minute level. The neck line is at 61200 resistance and 59700 support.

Trading ideas<<<<<<

Long: Rebound without falling below the range of 54600-54000, go long when a bottom formation signal appears on the 5-minute or 30-minute chart.

Long: Rebound without falling below the range of 58000-57600, go long when a bottom formation signal appears on the 5-minute or 30-minute chart.

Short: Rebound without breaking through the range of 62700-63700, go short when a top formation signal appears on the 5-minute or 30-minute chart.

Short: Rebound without breaking through the range of 63700-65000, go short when a top formation signal appears on the 5-minute or 30-minute chart.

Personal viewpoint:

After breaking the trend line yesterday, it led to an accelerated downtrend, followed by a successful bottom formation in 30 minutes. Currently, the intraday view suggests a successful bottom formation, so the trading idea should be to go long on a rebound.

The weekly K-line is currently a large bearish candle, and the BTC weekly level retracement is not deep. However, whether it will retest the lower shadow of the weekly K-line is a question.

In the past two weeks, I have always been looking to go long after a retest of the shadow. However, from the current market situation, the depth of the ETH weekly test has been sufficient. Therefore, I am not so persistent that BTC will also test so deeply. Therefore, when BTC falls again, I will start to layout long positions with a light position.

Layout strategy: 1% total position, entering 2-4 times. For example: enter 0.25% total position at 59000, 0.25% at 58000, 0.25% at 57000, and 0.25% at 55000.

By doing this, I won't be troubled by missing out on the market, and I won't put too much pressure on myself due to heavy positions. I rarely use stop-loss orders, so I will control the position to manage the risk. For lightly positioned trades, you must be able to hold them. If the profit is too high and you can't hold it, then reduce the position to secure some profit, and then continue to hold. Until a long-term chart gives a signal to stop the rise.

Pay attention to position management and be cautious with heavy positions.

Graphical explanation: The yellow line represents the structure and form, the red line represents the trend line, and the white line represents the key neck line support and resistance. Go short near the upper range within the range, and go long near the lower range within the range. If the support and resistance are broken, you can lightly chase long or short. Set the stop loss to the top and bottom of the broken K-line.

ETH

Yesterday's review: After the establishment of a triple top, it accelerated the downtrend. After testing the weekly K-line shadow, it formed a bottom, and it appears to be successful.

Recent focus: Resistance in the range of 2550-2590 above, extreme pin position at 2720-2000.

Structural form: W bottom at the 30-minute level, with support at 2485 and resistance at 2550.

Points to note: Support at 2380 and 2310 below, resistance at 2650 above.

Extreme upward pin at 2720-2740 or 2650-2670. Extreme downward pin at 2320 and 2120.

Trading ideas<<<<<<

Short: Go short if the red trend line rebound does not break through, when a top formation signal appears on the 5-minute or 30-minute chart.

Short: Go short if the red trend line rebound does not break through, when a top formation signal appears on the 5-minute or 30-minute chart.

Long: Go long if there is a rebound without falling below the range of 2475-2485, when a bottom formation signal appears on the 5-minute or 30-minute chart.

Long: Go long if there is a rebound without falling below the range of 2380-2340, when a bottom formation signal appears on the 5-minute or 30-minute chart.

Personal viewpoint:

Rebound to go long, rebound to go long, rebound to go long.

Rebound to go long, rebound to go long, rebound to go long.

Rebound to go long, rebound to go long, rebound to go long.

A long time ago, I wrote in an article that I wouldn't go long without a retest. Because the low point after the retest is considered an effective low point and a reference for our stop-loss.

In a fast-moving market, we must control our positions and try not to let the positions affect our mentality. Once the position affects your mentality, all your operations are abnormal from that moment on. Therefore, controlling positions, adjusting mentality, and planning trades are essential tasks for us as professional traders.

In a "One Cold Knowledge a Day," I have always emphasized: If the fluctuation of the K-line can bring you wealth, then please patiently wait for the K-line that can bring you wealth. Once it appears, cherish it and hold on firmly.

This is the premise of our benign cycle and an important factor in maintaining a stable and profitable trading loop.

Learn to buy and sell, learn to let go, learn to wait.

Pay attention to position management and be cautious with heavy positions.

Graphical explanation: The yellow line represents the structure and form, the breaking of the large trend line. The white line represents the key neck line support and resistance. Go short near the upper range within the range, and go long near the lower range within the range. If the support and resistance are broken, you can lightly chase long or short. Set the stop loss to the top and bottom of the broken K-line.

One Cold Knowledge a Day:

How to layout long-term positions with a light position, dividing the total position you want to enter into 2-4 entries. After entering, do not sell at will. Do not exit long-term positions without a double K or triple K reversal signal on the daily chart. (Light position layout cannot be too heavy, otherwise it cannot withstand the fluctuation of the pin)

The analysis and strategies have a time limit, please refer to the real-time guidance on the official account!

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