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.
Important notice: In the future, trading strategies will be released from 8:00 to 9:00 in the morning and from 8:00 to 9:00 in the evening.
The analysis will be published twice a day, hoping to provide reference for intraday trading.
Due to the limited volatility of intraday trading, the price range may be very small, so everyone should pay attention to monitoring the market.
BTC
12-hour market review: The upward trend retraced without breaking the slope line, and the first slope line support is currently effective.
Recent focus: Support in the range of 58850-58500, resistance in the range of 60000-59600. Pay attention to the acceleration when the range is broken.
Key focus: Support of the two red slope lines. If one slope line is broken, look for the top and bottom of the broken candle within 30 minutes as a defensive position for shorting.
Structural form: The breakout of the 30-minute head and shoulders bottom, with support at 58650.
Trading ideas<<<<<<
Long position: Buy when the price retraces within the range of 58850-58500 without falling below, and when a bottom pattern signal appears on the 5-minute or 30-minute chart.
Long position: Buy when the price retraces within the range of 57600-56600 without falling below, and when a bottom pattern signal appears on the 5-minute or 30-minute chart.
Short position: Sell when the price rebounds within the range of 62700-63700 without breaking through, and when a top pattern signal appears on the 5-minute or 30-minute chart.
Short position: Sell when the price rebounds within the range of 61200-61500 without breaking through, and when a top pattern signal appears on the 5-minute or 30-minute chart.
Personal viewpoint:
Since the recent decline, those who often follow me know that I only go long on retracements. Yesterday, I also provided a strategy to buy on retracement within the range of 57600-56600, and those who followed the strategy have made a profit of over 2000 points.
Currently, I mainly focus on long positions on retracements. I will provide two long positions and two short positions each day. The positions with closer price levels are aggressive, while those with farther price levels are conservative. Everyone should determine their entry points on their own.
Pay attention to position management and avoid overexposure and heavy positions.
Chart explanation: The yellow line represents the structure and form, the red line represents the trend slope, and the white line represents the key support and resistance levels. Go short near the upper range and go long near the lower range within the range. When the support and resistance levels are broken, you can lightly go long or short. Set the stop loss at the top and bottom of the broken candle.
ETH
12-hour market review: The price retraced without breaking the yellow slope line.
Recent focus: Resistance in the range of 2550-2510 above, support in the range of 2395-2370 below.
Structural form: Head and shoulders bottom on the 2-hour chart, with support in the range of 2395-2370.
Points to note: Accelerated decline when the yellow slope line is broken.
Extreme upward needle at 2720-2740 or 2650-2670. Extreme downward needle at 2320 and 2120.
Trading ideas<<<<<<
Short position: Sell when the price rebounds within the range of 2720-2740 without breaking through, and when a top pattern signal appears on the 5-minute or 30-minute chart.
Short position: Sell when the price rebounds within the range of 2550-2590 without breaking through, and when a top pattern signal appears on the 5-minute or 30-minute chart.
Long position: Buy when the price retraces within the range of 2120-2050 without falling below, and when a bottom pattern signal appears on the 5-minute or 30-minute chart.
Long position: Buy when the price retraces within the range of 2380-2340 without falling below, and when a bottom pattern signal appears on the 5-minute or 30-minute chart.
Personal viewpoint:
From the monthly chart perspective, there is no sign of a reversal. If the weekly candlestick has a large body, the market is likely to continue to decline.
Pay attention to the strategy orders provided above for the lower price levels.
The candlestick has upper shadow, body, and lower shadow. On the monthly chart, pay attention to the appearance of the lower shadow before the upper shadow, and then the body.
When switching between multiple time frames, be aware of extreme market conditions, watch out for wash trading, and avoid blindly adding positions.
Pay attention to position management and avoid overexposure and heavy positions.
Chart explanation: The yellow line represents the structure and form, and the breaking of the large trend slope. The white line represents the key support and resistance levels. Go short near the upper range and go long near the lower range within the range. When the support and resistance levels are broken, you can lightly go long or short. Set the stop loss at the top and bottom of the broken candle.
One cold knowledge a day:
How to lightly position for long-term trades: Divide the total position you want to enter into 2-4 entries. After entering the market, do not sell randomly. For long-term trades on the daily chart, do not exit without a double or triple reversal signal. (Light positioning cannot withstand the volatility of extreme market conditions if the position is too heavy)
The analysis and strategies have a time limit, please refer to real-time guidance on the official account!
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