Let's have a quick chat on Monday. In the next few days, I probably won't be looking at the K-line charts. Tonight is Chinese New Year's Eve, so I want to wish all my friends a Happy New Year, good luck in the Year of the Horse, and may you get rich quickly in the Year of the Horse!
First, let's talk about XAU. The trend is showing signs of weakening, so consider short-term rebounds and shorts. Based on the current cycle, in the next couple of days, watch for signals of volume shrinking during rebounds and increasing during drops. If prices are low, focus on the 5065-5100 range; if prices are high, around 5200-5300, wait for a breakout to stop-loss. If no breakout occurs, observe the next two days for results. If you haven't gone home for the New Year and are bored in your rental, wanting to trade, it's a good choice! BTC support and resistance levels: 74450 / 70900 / 60500 / 57850 Prices fluctuate up and down. The 70900 level has been tested multiple times without breaking through. Be cautious of potential sneak attacks testing the lower support, such as the 60000 round number and the 57850 level. Do less, watch more, and enjoy the New Year peacefully! ETH support and resistance levels: 2225 / 1820 / 1600 / 1385 Ethereum will likely follow Bitcoin's trend. Pay attention to the volume breakout above 1900; if that happens, test the support below. 1900 is critical—keep a close eye! Currently, the market balance between bulls and bears is fairly even. The pattern has become this way. The only thing to do is to hold spot positions at support levels and wait. For futures, there might be opportunities to set stop-losses. If you don't have time, better to relax and have a drink with friends and family! In one sentence: When prices fall significantly, compare the volume with previous lows. Large volume means no bottom yet; small volume with signs of bottoming can be a good time to set stop-losses for short positions. When prices rise significantly, watch the volume. Without a volume breakout, use the signals of short-term weakness to set small stop-losses. The support and resistance levels above are reference points and price zones prone to triggering signals! Wishing all my friends a Happy New Year in advance! Good luck in the Year of the Horse! #Gate广场发帖领五万美金红包 $BTC $GT $ETH
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Ryakpanda
· 20h ago
Wishing you great wealth in the Year of the Horse 🐴
View OriginalReply0
sixflowers
· 20h ago
Wishing you great wealth in the Year of the Horse 🐴
Let's have a quick chat on Monday. In the next few days, I probably won't be looking at the K-line charts. Tonight is Chinese New Year's Eve, so I want to wish all my friends a Happy New Year, good luck in the Year of the Horse, and may you get rich quickly in the Year of the Horse!
First, let's talk about XAU. The trend is showing signs of weakening, so consider short-term rebounds and shorts. Based on the current cycle, in the next couple of days, watch for signals of volume shrinking during rebounds and increasing during drops. If prices are low, focus on the 5065-5100 range; if prices are high, around 5200-5300, wait for a breakout to stop-loss. If no breakout occurs, observe the next two days for results. If you haven't gone home for the New Year and are bored in your rental, wanting to trade, it's a good choice!
BTC support and resistance levels: 74450 / 70900 / 60500 / 57850
Prices fluctuate up and down. The 70900 level has been tested multiple times without breaking through. Be cautious of potential sneak attacks testing the lower support, such as the 60000 round number and the 57850 level. Do less, watch more, and enjoy the New Year peacefully!
ETH support and resistance levels: 2225 / 1820 / 1600 / 1385
Ethereum will likely follow Bitcoin's trend. Pay attention to the volume breakout above 1900; if that happens, test the support below. 1900 is critical—keep a close eye!
Currently, the market balance between bulls and bears is fairly even. The pattern has become this way. The only thing to do is to hold spot positions at support levels and wait. For futures, there might be opportunities to set stop-losses. If you don't have time, better to relax and have a drink with friends and family!
In one sentence: When prices fall significantly, compare the volume with previous lows. Large volume means no bottom yet; small volume with signs of bottoming can be a good time to set stop-losses for short positions. When prices rise significantly, watch the volume. Without a volume breakout, use the signals of short-term weakness to set small stop-losses. The support and resistance levels above are reference points and price zones prone to triggering signals!
Wishing all my friends a Happy New Year in advance! Good luck in the Year of the Horse!
#Gate广场发帖领五万美金红包 $BTC $GT $ETH