New Yao discusses: Bitcoin may trend after 6.8.

CN
2 hours ago

Good evening everyone, I am Xin Ya

Every time the reference is not properly referenced, 6.4, 6.5 provided conservative entry positions, is it not clear enough about the stop-loss references and repeat entry positions? During this period, Bitcoin plunged from 8.2 to the five digits, Ethereum plummeted by 25%, during the process, excluding spike lows, there was no decent rebound, this is not a conservative move, what exactly do they want? They fear the market might suddenly reverse and leave them behind, and they are afraid of diving again, selling out too early. Wanting it all, such people will never make money in the circle unless money is handed to them.

Recently, whether it's shorting at 63800 or 63000, or adding at 64200, how have I been passive? Also, the leverage on the market has become very light, is it strange that Ethereum is becoming more volatile? Different market conditions require different handling methods; if you can't adapt, either exit the market or ultimately face liquidation.

Let's briefly review the intraday trading; Bitcoin made a rebound after reaching a point of convergence at 6.7 in the early morning, and buying pressure pushed it back. 62800 faced suppression, pulled back to 61800 gaining buying support, and spiked around 63000. The next resistance is around 63800. In this struggle, the bulls are dominant, but overall trading volume is not large. It’s simply fluctuating.

There are currently a few possibilities

The first is to determine that the structure is a one-hour rebound; it will saw upwards, first testing the 64200-64500 damping zone, then pulling back to 63200-63500 before heading above 64800, with a maximum not breaking 65800. Otherwise, it will turn into a four-hour rebound. In that case, the next segment will first go to 67500 and then struggle again.
The second is a slight adjustment based on the ideas given by Xin Ya; treat 64200-64800 as a damping zone, handle it as a wide fluctuation, and make waves around the old range of 60800-64200. Bull stop-loss at 60250, bear stop-loss at 64850.

Divide the fluctuation range into four parts
namely 61500, 62200, 62800, 63500
This makes it easy to calculate entry points and the first two adding positions.

The third option continues the downward rhythm; after the bulls weaken, they will successively test 62800, 61800. The way it climbed up is how it will pull down in reverse. It may decline after converging at 61800 or may start to consolidate in the 60800 range below the five digits.

The key is to focus on the last two possibilities; this is the most reasonable option after integrating Xin Ya's rhythms from 6.4 and 6.5 and the actual market performance.

Regarding Ethereum, I'm too lazy to look; just handle it in sync with Bitcoin. Have you noticed that Ethereum, which used to fluctuate by 20-30 points, has now exceeded 50 points? With less leverage in the Ethereum market, the volatility naturally increases. On 6.7 after converging at 1550, the first rebound was at 1600, then tested 1650, pulled back to 1600, and broke 1700 with a spike at 1723. The fluctuations are significant. The key positions to pay attention to are 1600, 1650, 1700, 1735, 1755, 1775. These will attract capital into the market for speculation.

Sync the entry and exit rhythm of Ethereum with Bitcoin. I think 1680 is very suitable for shorting. If it fails to hold at 1620, 1580 won’t be a big problem. You can add at 1720, set a stop at 1735, or significantly add at 1735, set a stop at 1775. Trading is about expectations; if you fear and worry about everything, naturally, you won’t get anything and will lose everything.

Every major level will be mixed with secondary level trends, including counteractions and market noise at the lower levels. The large-scale levels guide the small-scale levels, and the small-scale levels will affect the larger ones. How you handle these determines how far you can go in the end.

Sync forward: Public Account: Xin Ya Talks About Chan

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