Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
**Trading Wisdom After Breaking New Highs: Riding the Market Momentum**
Sun Tzu said: "Follow the trend, leverage momentum, create momentum, and ride the wave." This theory is perfectly suited for trading markets — not blindly following the crowd, but understanding the market rhythm to precisely grasp the right entry points.
**Bitcoin’s Rhythm and Traps**
Recently, the market has once again broken new highs, with Bitcoin surging to around 72,350. It indeed shows a strong trend. But observing the past two days’ movements reveals a clear pattern: during the daytime and early evening, prices continue to rise, but once reaching a high level, the market begins to oscillate or even pull back. What does this tell us? Not every new high is worth chasing. The key is to distinguish between a "natural breakout" and a "false breakout."
**Strategic Layout: Wait for Pullbacks, That’s the Best Approach**
Since the market has already broken new highs, the best trading strategy is not to chase the rally. Instead, patiently wait for the market to retrace, and re-enter at more reasonable levels to go long. If you must operate near the new highs, consider short positions to defend at the high levels.
**Specific Operational References**
Based on current support and resistance levels:
- **Bitcoin**: In the evening session, consider high selling around 72,200-72,400, with a target below at 70,000.
- **Ethereum**: In the evening session, consider short entries around 4,060-4,080, with a target below at 3,900.
This is not just empty talk about numbers, but a concrete layout based on market rhythm. Riding the trend is not about blindly following, but about accurately choosing entry points based on a thorough understanding of market cycles.