March 31 ETH Analysis
Today is the last day of March, and it's time for the monthly line to come out. The basic monthly line pattern for March is a doji pattern, with bulls and bears competing to determine the direction!
1. Bearish Analysis
1. The daily line currently has peaks that are getting lower and valleys that are getting lower, showing a downward trend momentum that won't easily change!
2. The daily line has formed a triangular structure at the tail, with the slope of the top getting higher and downward pressure increasing, making the bearish momentum stronger, forming a rhythm of change.
3. The tariffs imposed by Trump on Wednesday indicate that there will be another major pin drop, suggesting that our strategy from today to Wednesday is still to short on rallies!
2. Bullish Analysis
1. To be honest, no matter how much news there is, it will only lead to a slight rebound. Once the tariffs are imposed, the bad news will be fully priced in, leading to good news!
2. The entire market has been declining since the Spring Festival, and many altcoins have already dropped by over 80%. The market will never keep dropping or keep rising; do you agree?
3. There are expectations for interest rate cuts in June, so April and May will be a very good opportunity for everyone to recover losses.
Breakthrough Strategy: From today until the tariffs are imposed on Wednesday, only short positions should be taken and no long positions!
The pressure position for Ethereum is around 1905, and the long position can be placed around 1520 with a stop loss at 1490! Once the tariffs are imposed, reverse to take long positions! Opportunities will still explode, initially wiping out the long positions to zero, and then launching an explosive rally for the bears!
Reminder: Change the habit of trading without setting stop losses or take profits; otherwise, you are on the road to zero!