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.
Be cautious in the beginning and diligent in the end.
Today is Monday, and a new week begins. This week, we will focus on Wednesday's CPI data. Next week, Trump will officially take office, and whether he can fulfill his promises to rally votes remains to be seen. After all, promises made to rally votes are no different from a man's words at a drinking table. The market may reach a turning point before the Spring Festival; will it continue to decline in a weak and volatile manner, or will it rebound from new lows? We will get confirmation in the next two weeks.
The weekly chart shows a solid bearish candle, and the price has not changed much. The previously mentioned support has not been effectively broken, so we will temporarily refer to the support level around 3100, followed by 3000. The upper small boundary should first focus on the 3400-3450 range, and then around MA7. The support near MA60 below is around 3000; if it breaks, we will maintain the previous view and should not hesitate to plan positions and manage risks directly when reaching 2800-2700.
After the weekend's range fluctuations, the daily 4H level shows a temporarily weak technical outlook, but the short-term small box has not broken down, so it can still be referenced. Pay more attention to the EMA200 level on the daily chart; an effective break below will accelerate the downward movement.
1.13 Short-term suggestions: If 3130 does not break, buy in the range of 3180-3150, looking for 80-150 points.
If 3020 does not break, buy in the range of 3070-3050, looking for 80-150-200 points.
Medium to long-term positioning: Buy around 2800-2700.
The above suggestions are for reference only; please manage your risks well.
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, find Gege.
Written by/I am Trader Gege, a friend willing to accompany you in your resurgence.
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