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[Uncle Da] 4.2 Morning Market
Overall trend: Yesterday, Bitcoin rose and then fell. Under the influence of news, U.S. stocks violently surged in a V-shape, driving Bitcoin up. The short positions did not reach the take profit point, resulting in a profit pullback and hitting the stop loss, ultimately yielding only a 10% profit, which is quite regrettable.
Operation: For intraday trading, still look for a low buy on the pullback, buy between 83500 to 83800, with a target of 86500 to 86800, and a stop loss at 83000. If it rises first, consider shorting around 87000. Recently, the trend has been mainly low buys, and short positions are also for a short duration.
Buy Ethereum at 1840-1860, target 1960-2000, stop loss at 1820.
Mid-term: The monthly line has closed bearish, and there will be a larger decline within the month, breaking below the previous low! Waiting for the opportunity to short, with a short-term rebound demand.
⚠️ Warning: This strategy is for reference only and does not constitute investment advice. Cryptocurrency is highly volatile, and one must independently assess their risk tolerance. Properly set take-profit and stop-loss orders, and strictly enforce them to make a profit in this market! #加密行情反弹#
Although the daily chart seems to have a "trend" towards a V reversal to the upper band of the Bollinger Bands, we can no longer look to go long.