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Recently, the crypto assets market has shown a trend dominated by short positions. From a technical analysis perspective, the major coins are currently positioned between the middle band and lower band of the Bollinger Bands, and the entire Bollinger Bands is showing a downward-opening trend, which indicates that the market may face certain downward pressure.
In this market environment, if the price cannot effectively break through the middle band of the Bollinger Bands in the short term, the downtrend is likely to continue. For Bitcoin, investors can pay attention to the resistance range of 117200-117700; if it fails to break through, it may fall back to the support range of 116100-115300. Ethereum should focus on the resistance range of 4440-4470; if it fails to break through, it may drop to the support range of 4380-4340.
However, in the highly volatile market of Crypto Assets, Technical Analysis is just the tip of the iceberg. What truly determines the success or failure of a trade is often the trader's mindset management. In contract trading, the market's dramatic fluctuations are not only reflected on the candlestick chart but also pose a huge test for the trader's psychology.
In the face of the euphoria of soaring prices and the fear of plummeting ones, it is crucial to remain calm and rational. Blindly chasing after rising prices or hastily closing positions in panic, these emotion-driven actions often lead to significant losses. Successful traders can train their mindset to become a solid shield, not blinded by greed when the market rises sharply, and not swept away by fear when the market falls dramatically.
Maintain a stable mindset and strictly adhere to trading discipline in order to grasp your trading rhythm in the ever-changing market. Always remember that opportunities always exist in the market, and the key to successfully navigating market cycles and achieving success in long-term trading lies in maintaining a clear and calm mindset.
In this challenging Crypto Assets market, Technical Analysis provides direction, while mindset management is the key to success or failure. Only by organically combining the two can one progress steadily in this market filled with opportunities and risks.