Jiahao Friday Thought Sharing
Yesterday, the overall market fluctuations were still not significant. Big cake bounced back quickly after dipping to 628, and is currently continuing to trade in a range around 635. In the recent period, the market has been relatively slow-moving. For brothers who currently hold positions, just be patient and hold.
From the one-hour chart, after big cake completed its low at 62800, it gradually stabilized and rebounded. It’s clearly visible that buy-side funds entered and absorbed in the lower support zone. Although the overall higher-timeframe structure is still weak, the downward move in this round has already been sufficiently exhausted. There is an expectation of a rebound and repair.
At this stage, the risk of chasing shorts from low levels is relatively high. In the short term, the market should still continue with range-bound consolidation. Unless there’s a major news catalyst to break the balance, the trading approach should prioritize selling the highs and buying the lows within the range, and simply wait patiently for the chart to provide a clear stabilization signal.
In terms of trading, I still don’t see a large upside potential.
Big cake: Go long around 63,000. Target: 64,500. If there is no valid breakout, reverse to short.
Ethereum: Go long around 1,860. Target: 1,920. If there is no valid breakout, reverse to short.
#美国7月CPI与PPI数据本周出炉 #SpaceX空头持仓降至11% $NVDAB $AAPLB $BTC
Yesterday, the overall market fluctuations were still not significant. Big cake bounced back quickly after dipping to 628, and is currently continuing to trade in a range around 635. In the recent period, the market has been relatively slow-moving. For brothers who currently hold positions, just be patient and hold.
From the one-hour chart, after big cake completed its low at 62800, it gradually stabilized and rebounded. It’s clearly visible that buy-side funds entered and absorbed in the lower support zone. Although the overall higher-timeframe structure is still weak, the downward move in this round has already been sufficiently exhausted. There is an expectation of a rebound and repair.
At this stage, the risk of chasing shorts from low levels is relatively high. In the short term, the market should still continue with range-bound consolidation. Unless there’s a major news catalyst to break the balance, the trading approach should prioritize selling the highs and buying the lows within the range, and simply wait patiently for the chart to provide a clear stabilization signal.
In terms of trading, I still don’t see a large upside potential.
Big cake: Go long around 63,000. Target: 64,500. If there is no valid breakout, reverse to short.
Ethereum: Go long around 1,860. Target: 1,920. If there is no valid breakout, reverse to short.
#美国7月CPI与PPI数据本周出炉 #SpaceX空头持仓降至11% $NVDAB $AAPLB $BTC
