1/29$BTC [Early morning]: Bitcoin rushed to 42850, and currently the highest has fallen back by 1000 points. Will it fall further? How to enter long orders?

There is a chip accumulation at 42200, which can be considered as a position where support and resistance are exchanged. At present, it has fallen below 42200. If it pulls back and gets blocked in the future, it can be used as a protective stop-profit position for yesterday's 41300 long orders. Although there is a callback expectation at present, I personally prefer to short without doing it, unless I have high-level short orders.

Intraday operation ideas:

---There is a break through 42200 and a pullback is blocked, and a profit order can be added. Put the stop-profit between 41600-41300, and make a protective stop loss if it breaks through;

---The most cost-effective entry position for long orders is 40550, followed by 41300, and a loss below;

---If it returns to 42200, you can stop placing any orders, let the market run for a while, and only make the most cost-effective transactions. I will remind you in the square;

---If it reaches 43500 during the day, you can observe short-selling opportunities here. If there is a quick pin-up or multiple top signals, you can do it boldly. Break through the loss. Remember to stop-profit most of the positions here for long orders;

---Figure 2 shows the liquidation chart, and the head of the long order liquidation below is 41650;

---Figure 3. The key support level below, 40550, must not be broken. If it is broken, continue to look for support at 39550/38500;

---At present, it is in a relatively bullish shock, and it is just going through a callback. Don't doubt your own trading strategy.

Figure 4. Ethereum returned to around 2250 again. Can we do it? If the trend in the figure appears, then it is likely to fall. The high point keeps decreasing, and the rebound strength is getting weaker and weaker. If it is tested many times that 2250 will not be broken, and the rebound strength is getting stronger and stronger, then boldly go long, and stop loss if it returns to the box.

Short-term support 41300/40550/39550, resistance 43550/44550

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Supplement: You may not understand the profit-increasing position very well and can use another position-increasing method. For example, you hold a short order of 100 bitcoins worth 42550. At present, it is confirmed that the key support level of 42200 has been broken, then you can consider adding 25% of the original position, which is 25 bitcoins. In this case, your order The average price will not be suppressed too much, and you can still get 25% more profit. If you return to above 42200, you will perform a protective stop-profit order, which is still profitable!

Note! This position-increasing method can only be used to increase the position after breaking through the key support level! Ignore this if you want to be stable!

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