#币安安全见解 4. 11 Market Overview: US-China tariffs continue to rise to 125%, ETH whales are selling off

Starting from April 12, China has implemented a tariff increase on the US to 125%, soaring from 84% to 125%, making it extremely difficult for US goods to sell in China; today, whales sold off 2,300 ETH held for two years, putting selling pressure on the market; China has simultaneously increased tariffs on the US, and cryptocurrency markets are rising instead of falling, completing a small rebound during the day

During the day, ETH completed a recovery with a high of 1688 and a low of 1470, both short and long positions were taken; if you had boldly entered after reading my post last night, you should have first taken a short position at 1556 and then a long position at 1488, all completed

Just now, the 1H closed with a doji star at the top, which is a bearish signal, but it did not come with volume. We can wait for the market to show up again and wait for the candlestick to touch 1566 again without breaking through, and then we can short on the right side, defending at 1688 with targets of 1509 and 1452-1449; or wait for a breakthrough at 1566 and then a pullback for a short position strategy on the right side

Looking at the chart, ETH has a bat pattern appearing, predicting that point D will form a reversal at 1449, so we can set up a long position on the left side, defending at 1418.66, with harmonic targets of 1539 and 1595.94, and bare K targets of 1500 and 1566; based on the overall market and harmonic analysis, ETH still shows signs of a second bottom correction, focusing on shorting high and longing low, not recommended to chase long

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