Yesterday Friday’s market action was basically as expected: it found support around 4021 and briefly met resistance near 4080. This week, price action repeatedly traded and consolidated around the 3970 area, with a reluctant but decisive rebound driven mainly by oil prices and the US stock market. Overall, this week’s market remains range-bound, consolidating within 3990–4080, with no major breakout. Next week enters the final trading session of the month. Overall, the plan should prioritize trading within the larger range, while also being prepared with a scenario for a breakout and a move into a directional trend. Do not chase rallies or panic-sell. Enter the market only when key support and resistance levels are clearly in place.
From the current four-hour chart, as long as the price has not broken through 4160, the bearish side may still rebound in the short term. Looking at it from both relative lows and absolute highs, the market is likely to continue declining in the coming period. In terms of strategy, maintain a focus on selling rallies and shorting near highs (high-short). In the short term, pay close attention to whether 4021 and 4096 break. On Monday, there is no important news catalyst; focus instead on how the US stock market during the evening session affects the market.
At the market open in the morning, boldly short around 4060–4065. If price falls, boldly go long around 4040–4035.
Yesterday the market fell from the 4170 area down to the low of 4039, a drop of nearly 2%. This basically matches my trading expectations. In the short term, the decline has not yet stabilized.
From the current 4-hour chart, the short-term line between bulls and bears is the 4040 area. Due to yesterday’s sell-off, today’s short-term trading still has a need for a corrective rebound and recovery. Overhead resistance is at 4076, 4087, and 4100. Support is at 4039, 4021, 4005. The overall approach is to stay with high (sell) setups. For the week-ending, pay close attention to the trading volume during the evening US session.
Sell short at 4086, keep a defense at 4096, targets 4040-4020-4005 #原油突破100美元
Economic data released yesterday evening came in below expectations. The market saw a strong upward move, pushing up to around 61,300. Today, major overseas holidays mean the US trading session will be closed, so the overall market is likely to see smaller intraday fluctuations in the evening.
On the four-hour timeframe, price is approaching the upper pressure range. Near-term upward momentum is limited. Key resistance levels to watch for upward moves are 62,300, 62,900, and 63,300. Key support zones on the downside are 60,600, 60,000, and 59,600. At this stage, the preferred trading idea is to look for short entries on rallies.
Short at 61,900. If price rises to 62,300, consider adding to the short position. Place a stop-loss at 62,700. Take profit in batches, targeting 61,000–60,600 #6月就业数据降温美联储加息预期
The current market is in a wide range of upward fluctuations, with the upward space narrowing, and is facing a significant adjustment at any time. Wait for the market to pull back to 4300 before getting in. For intraday operations, just operate around the 4700-4640 range.
This week's market is still in a rebound correction after a decline, currently in a rising wedge channel in the short term, with a high of 4800 and a low of 4414, showing a relatively large amplitude.
It is mainly affected by the U.S. stock market and gold being closed on Friday due to the holiday, but non-farm payrolls and unemployment rates will be released as scheduled. Considering the ADP data released on Wednesday, there will be a surge at the opening on Monday, but it will not continue. Waiting for the market to pull back around 4600-4620, long positions can be entered.
Basically as I expected, it has been declining from the Asian handicap to the current price around 107500. This market is expected to continue falling, with resistance at 108500, 109000, 109600, and support at 106000, 105400, 104800. Those holding long positions should not be overly optimistic and must pay attention to the risks! #巨鲸动向
The weekend market is dull, but it is about to break this range-bound pattern. The resistance above is quite clear, with the four-hour chart still showing a wide-ranging downward trend. The resistance levels are 110500, 111300, 112000, and the support levels below are 108600, 106000, 105200. The strategy is to maintain a good short position! #美联储降息
Get ready for a major drop! The latest data shows that the unemployment rate in the United States has reached 4.3%, a four-year high. On the 18th of this month, there is no doubt that the Federal Reserve will cut interest rates, with the only difference being whether it will cut by 25 basis points or 50 basis points. A cut of 25 basis points is already fully anticipated, but if there is a cut of 50 basis points, it means this is a typical recessionary cut, which could instead trigger market panic. At that time, it will directly break the recent volatile market and trigger a new round of waterfall!
After six months, it has been a long time since I posted, but the accuracy is still there. I waited all night for a 116500 short, and finally it dropped 1000 points at midnight.
U.S. stock market opens. Although the market surged to around 116800 in the afternoon European session today, do not switch from bearish to bullish, as the risk of a pullback after the surge still exists! In the evening, maintain a high short position above 116000!
It's that weekend again with a tricky market. You can trade long and short in the 83500-84500 range. There are no obvious trend opportunities in the short term. #加密市场反弹
The short position given yesterday also perfectly reached the target, and in the evening, I reminded again that there are still lower points, with the lowest also reaching around 80,000. Currently, it is in a short-term rebound and repair phase.
At present, the four-hour chart has once again approached the resistance level. I have not changed my larger direction; this wave of consolidation is also nearing its end. Those who are long or holding spot positions should pay attention to risk. The intraday resistance levels are 83,000 and 83,600, while the support levels are 80,000 and 78,500. If the market falls below the support, one can directly follow the larger direction, maintaining a mindset of high shorts.
Short at 82,500, add to the short at 83,000, with a stop at 83,300, and a target of 80,000-78,500.
Once again, after the US stock market opened, there was a wave of selling, reaching a low basically around 81500 as expected. The US stock market continued to decline during trading, and there will be further lows!
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.