Those who can buy are apprentices, those who can sell are masters, and those who understand holding cash are the ancestors! In trend swing strategies, the choice of buying points is secondary, while selling points are key; however, good capital management is the soul of trend swing trading.
The daily level of Yitai has followed yesterday's expectations, with the K-line closing as a pin bar, and the market rebounding around the 3200 level. From the daily level perspective, there is a probability of the K-line forming a double pin pattern. For today, we will use the previous K's pin tip as a boundary; if it effectively breaks down, we need to pay attention to the gains and losses around EMA200. On the upside, we need to see if the market can break and stabilize above the 3400-3450 level, which is also the upper edge of the previous small box. For short-term trading today, this will be our reference. If we can see the 2800-2700 level, then for the medium to long term, we can directly enter without hesitation.
On the 4H level, the K-line has been continuously declining with bearish candles. Although the morning saw a bullish close that slowed the decline, the market has not yet stabilized above MA7, so we need to temporarily focus on whether it can stabilize. If it can, it will continue upward to test the 3400-3450 level; otherwise, it will first test the support near the previous low again. The key support to focus on below is the previous low, followed by the 3100-3000 range. For those looking to go long in the short term, it is advisable to observe the support situation before entering. Tonight, the U.S. stock market is closed, and the market may also take a break; however, regardless of the situation, we should manage risk properly.
Everyone has their own perspective, and every trader has their own understanding; finding a method that suits you in the trading market is the optimal solution.
1.9 Yitai short-term suggestions: If it does not break 3210, go long at 3260-3230, looking for 80-150 points.
If it does not break 3130, go long at 3180-3150, looking for 80-150 points.
The above suggestions are for reference only; please manage your risk.
Wishing you successful trading!
Alright, friends, we will say goodbye until next time. I wish everyone continued success and smooth sailing in the crypto world! More real-time suggestions will be sent internally. Today's brief update ends here. For more real-time suggestions from Yitai, find Gege.
Written by/ I am Trader Gege, a friend willing to accompany you in your resurgence.
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