October 21 ETH Market Prediction
Fundamentals: The candlestick made contact with 4080 in the upward channel yesterday and has formed a downward trend; the current position is within the range of 3840-3900, which was the oscillation box last Saturday. It is predicted that the market will perform on Sunday and Monday daytime, forming an upward channel and creating a large box range of 200 points (3840-4060).
News: The U.S. government shutdown issue, along with the October minutes, will lead to an early consumption of macro news in the market (bullish).
Market Sentiment: The current decline is in preparation for more short positions. Before the minutes meeting, there will be a spike to kill short positions, which also anticipates macro news.
Operational Suggestions:
Main Strategy: Enter long at 3860, target position 4060.
