Do not worry about having no friends on the road ahead; there are like-minded individuals on the investment journey. Good afternoon, everyone! I am the King of Coins from the Coin Victory Group. Thank you all for coming here to watch the articles and videos from the King. I also hope that the brothers who have been following the King will return.
**Click the link to watch the video: **https://www.bilibili.com/video/BV1Pmy6YuEZN/
First, let's review the thoughts on Bitcoin shared in the article and video published by the King yesterday. The upper resistance level is set at 67800, and one can choose to enter the market early at 67200. Yesterday also provided an opportunity for a direct pullback. The support level given is around 65200, where one can exit short positions and enter long positions, which has been successful. Currently, the market has rebounded above 67200, and with this back and forth, profits have exceeded 4000 points. Congratulations to the coin friends who followed yesterday's strategy.
Many friends asked the King yesterday why the market experienced a waterfall decline after the pullback. Let's think about what happened during the American trading session yesterday. The 10-year U.S. Treasury yield surged to a new high since July, which caused a pullback in U.S. stocks and a significant rise in the dollar, stabilizing above 104. I mentioned the relationship between the dollar and the cryptocurrency market in my previous video. As a result, the cryptocurrency market naturally experienced a significant pullback. The rebound in the cryptocurrency market today is also understandable, as many investors holding U.S. Treasury bonds took profits at high levels during the Asian session, leading to a drop in the dollar, which is now approaching the 104 mark. The King expects the market to find support at this level.
Now let's take a look at Bitcoin's specific movements. From the daily chart, after the doji candlestick the day before, yesterday closed with a long lower shadow bearish candlestick, indicating that the bearish trend is intact, but short-term support is quite strong. In terms of positioning strategy, the King suggests referring to the range established yesterday for opening positions, with attention to 65200 on the downside and 67500-67800 on the upside.
For today's short-term trading strategy, the King suggests:
Bearish strategy: Enter short positions directly around 67500-67800. If it breaks below 66500, one can continue to short with a target of 65200.
Bullish strategy: If it drops to 66500, one can enter long positions with half of the normal position size, with a stop loss of 200 points. The second entry position at 65200 can also be a long position, with a stop loss of 300 points.
This is the strategy for Bitcoin today. If any friends are stuck in positions, feel free to reach out to the Coin Victory Group, and I will help you resolve the issues.
Next, let's take a look at Ethereum's market. First, looking at the daily chart, it has recorded three consecutive bearish candles. Although yesterday's market closed with a relatively long lower shadow, it does not affect the overall trend, and there is at least no possibility of a surge in the short term. At most, it will undergo a 2-3 day range consolidation before re-entering a downward trend after exhausting the bulls' patience. In terms of entry positions, the King suggests:
Bearish: Enter short around 2565, with a stop loss of 30 points and a target of 100 points for reducing positions.
Bullish: Enter long for the first time around 2450, with half of the normal position size and a stop loss of 15 points. The second entry position around 2380 can be a normal entry.
This article is independently written by the Coin Victory Group. Friends in need of current strategies and solutions can find the Coin Victory Group online. Recently, the market has been mainly characterized by fluctuations, accompanied by intermittent spikes. Therefore, when trading, please remember to manage your take profit and stop loss effectively. In the future, when facing significant market data, the Coin Victory Group will also organize live broadcasts across the internet. Friends who wish to watch can find the Coin Victory Group online and contact me for the link.
Mainly focused on spot, contracts, BTC/ETH/ETC/LTC/EOS/BSV/ATOM/XRP/BCH/LINK/TRX/DOT, specializing in styles such as mobile locking strategies around high and low support and resistance for short-term fluctuations, medium to long-term trend trades, daily extreme pullbacks, weekly top predictions, and monthly head predictions.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
