There are no shortcuts to success. By taking every small step today steadily, you can gradually accumulate it into a big step toward success tomorrow. Believe in the power of time, and you will eventually create your own future.
In the evening, we once again rode the wave of success. Our bearish thinking, targets, and points achieved precise and perfect strikes. Throughout the day, I analyzed that the market was always not strong enough, with strong resistance above, it would inevitably pull back and decline. We exited our short position and reversed to go long, netting a total of 450 points on the big pie and 35 points in Ethereum. This wave was indeed grasped perfectly. The daily strategy can be reviewed on the homepage. Friends who want to follow along for discussions and learning, please check the homepage ↑. Wu Feng only seeks one word: 'Stable'!
Currently, looking at the four-hour chart, there are two relatively obvious peaks. The candlestick rebound is not strong enough; there is a small upward candlestick rebound in the evening, but it is still below 27600, which is a hard fact. The whole process is being suppressed by moving averages, and the candlestick can only gasp for breath. The target position below is still around 27250 because this was the previous low point. The Bollinger Bands maintain a downward trend, with the middle track support level strongly turning into resistance, and the opening gradually diverging downward. The evening idea still revolves around going short.
Trading requires key point switching; it's not suitable for this market to follow like a bull with a single-minded approach. The switching between long and short positions is the attribute of candlestick charts and is the manual.