Happy National Day to everyone~

9:42 AM Daily Trading Ideas
According to yesterday's intraday trend, ETH is currently holding at 4085. If it doesn't break down and rebound, we can temporarily adopt a range-bound strategy. Today's trading idea is to prefer going long at lower levels. The current minor key level is at 4120, with reasonable defense at 4085. Above, we can see around 4240-4295, and if it breaks and stabilizes, we can expect to see around 4366 (don't get stuck on specific points, focus on the direction. If you want to short, you can observe around 4230-40, which is the current high point of the range that could effectively suppress it. Avoid opening positions in a vacuum to keep stop losses minimal. Overall, the focus is on two key positions: the first is 4085 (which determines whether the rebound on the 4-hour to daily level will end), and the second is 4240-50 (which determines whether a head and shoulders bottom structure will form).
The same applies to Bitcoin, at 114800, pay attention to the stability around 112600 for a breakthrough at 116000. However, from my current perspective, there is not much significance in trading Bitcoin. There are two reasons: first, the structural pattern is very strong, but the volatility is not large; second, I don't have a good grasp of its technical aspects, especially the short-term trends, and I can't set the take profit and stop loss well. Comparing it to Ethereum's movements, along with my analysis from the day before yesterday and yesterday, it can be seen that there are basically no major issues with the direction, but the take profit points are quite far off.
In the past few days, I've seen several friends operating with the mindset of looking at 4400 when it rises and 3900 when it falls, then repeatedly hitting stop losses, just like I used to do most of the time. They are particularly stubborn and experienced fans basically know this is unnecessary. I am also gradually correcting this. First, analyze the general trend, the trading mindset, and the key defensive levels. When trading intraday, just use the 1-hour level as the standard to end a trade, and it will significantly reduce psychological pressure.