Warren Buffett once said, "If you are on the wrong road, running doesn't help." Li Hui suggests that no matter how accurate your grasp of the market is, you should not over-leverage in contract trading. Risk control must come before profit. Entry decisions should be based on the breakthrough of support or resistance levels, avoiding frequent trading, and managing positions and profit expectations reasonably. Spend more time observing, patiently wait for opportunities, to reduce the cost of trial and error, enhance self-discipline and confidence, be prepared to avoid blind operations. Maintain good trading habits and steadily make profits in the market in the long term. Li Hui will continue to use professional knowledge to help every investor achieve wealth growth, and wishes everyone to achieve financial freedom in 2024. Keep it up!
September 17th, Li Hui: Bitcoin market analysis and operational suggestions:
Sure enough, after BlackRock entered ETH, the coin price remained relatively strong, and there was no significant retracement during the day. Li Hui decisively arranged for a long position entry near 2275. Last night, Bitcoin surged strongly and broke through the position, and Ethereum also smoothly reached the target of 2370, gaining nearly 100 points again after profiting from short positions; indeed, it is consistent with the direction I anticipated yesterday, but Ethereum still shows signs of weakness, otherwise there is still a lot of room for decline.
Looking at the daily chart of Bitcoin, the Bollinger Bands channel is opening up, and the upper band is starting to rise, indicating that the upward space may be opened. The candlesticks directly broke through the top EMA120 from the middle band and EMA250, intending to reach the upper band. Looking at the pullback, there is a small resistance at 61500-61800. If there is a retracement opportunity, consider entering a long position in the range of EMA60 and EMA200 without breaking. The target is near the high point of the 14th day. It is also recommended to consider a high short layout at this position.
In summary, Li Hui suggests focusing on long positions during retracements and paying attention to Powell's impact on the market, especially tomorrow!
Li Hui suggests going long lightly in the 59800-60100 retracement range; reserve the 59200-58900 range for adding positions, stop loss at 58700, and target the range of 60800-61700-62600. If the position breaks 62700-63000, it can be held. Short positions need to be cautious, and it is also recommended to pay attention to entering the 62700-63000 range without breaking, around 1000-1500, not being too greedy!
Article review and push have delays, and the market changes rapidly. Specific entry opportunities need to be combined with actual trading operations. Real-time notifications are the standard. The article's suggested points are for reference only. Do not over-leverage, and bring stop-loss and take-profit when entering. Take profits when the time is right!
I, Li Hui, interpret world economic news, analyze the global trend of the currency circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Li Hui) for reference only. All risks are assumed by the reader. May we remain humble and brave in the complex currency circle, fear no challenges, and be brave to explore. Just as "The road ahead is long and far-reaching, I will seek and explore from top to bottom," I hope that we will keep pace with the times, draw wisdom, travel thousands of miles, experience the wind and rain, and comprehend life.
With Li Hui's guidance, may you play to your strengths, create value, remember the market's baptism, and stay true to your original aspirations. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose the future's glory and share the joy of success. Let us work together to create brilliance in this investment journey full of challenges and opportunities!
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