Mainland China and U.S. markets have both put in a strong performance. With improved sentiment in overseas markets, there has been a clear positive impact on the crypto market. Coin prices have continued the daytime pattern of consolidation trending upward: the highs keep getting lifted. In the evening, the bulls’ push strengthened, and price successfully broke above the 64,000 level.
Looking back at today’s trading logic: the idea of buying on pullbacks has been validated by the market. There has not been any signal indicating a shift to bearish in the current chart, so in the short term the market is still bull-dominated. However, after the market’s near-term rally, chasing at higher prices does not provide an ideal risk-reward ratio. Be on guard for a pullback and shakeout. Practically speaking, don’t chase rallies; instead, wait for price to retrace to support before entering short-term long positions, and ride the rebound profits in line with the trend.
Big BTC is long around 63,500—watch 64,500. Big ETH is long around 1,890—watch 1,930. $ETH $BTC $SNDK #CME九月加息概率降至30.6%
Looking back at today’s trading logic: the idea of buying on pullbacks has been validated by the market. There has not been any signal indicating a shift to bearish in the current chart, so in the short term the market is still bull-dominated. However, after the market’s near-term rally, chasing at higher prices does not provide an ideal risk-reward ratio. Be on guard for a pullback and shakeout. Practically speaking, don’t chase rallies; instead, wait for price to retrace to support before entering short-term long positions, and ride the rebound profits in line with the trend.
Big BTC is long around 63,500—watch 64,500. Big ETH is long around 1,890—watch 1,930. $ETH $BTC $SNDK #CME九月加息概率降至30.6%