7.4 Lunchtime Big Pie Thought Analysis and Operation Suggestions

CN
9 hours ago

For more information, follow the public account: Yunche Lunshi

80% of the time, the market tests patience; true wealth opportunities often arise when no one is paying attention. Spend less time fixated on the fluctuations of candlesticks and more on deepening your understanding; be less disturbed by market noise and more disciplined in your trading; fantasize less about getting rich overnight and more about executing your established strategy. In the early morning, the price of the coin did not show significant fluctuations but oscillated between 109,000 and 110,000. It was also mentioned that as long as there is a rebound, one can short at 109,800, which should be quite stable. Moreover, the upper pressure, which we discussed yesterday, is around 110,500; as long as it doesn't stabilize above that, we can continue holding. We are looking at at least around 105,800 on this downward trend. Currently, the coin price has retraced to around 109,600.

From the current market perspective, after the stimulation of last night's news and the explosion of bullish momentum, the coin price reached a maximum of around 110,500, without any signs of stabilizing upwards, which is almost identical to the price action two weeks ago at 110,600. The upper resistance has tested three times but has not broken through, indicating that the pressure above is still quite strong. Friends who feel uneasy can consider shorting at the lower level of 103,300. Additionally, today is Black Friday, and those who understand know that high shorts should be quite stable.

Bitcoin strategy: Short around 109,800-110,300, target 108,000
Ethereum strategy: Short around 2,600-2,620, target 2,520

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