#风险回报比 $ETH

Auntie has resistance from 1750 to 1800. The 4-hour Vegas moving average + the downward turning point + the bullish extension area are all in this region, so there is resistance here for a short position.

Auntie may represent the current situation of most of the market's altcoins, all collapsing like jumping off a cliff, without even having a decent rebound, which indicates that both Auntie and the altcoins have not yet reached the bottom.

Auntie's recent low is around 1370, which is clearly the 1.618 support level of this new downtrend. Since it coincides with the support of the lower Bollinger Band at 1370, combined with Bitcoin and news sentiment, it is still far from a reversal. We should first consider what position Auntie can show a decent rebound from the drop of 4000 to 1370. Shouldn't the rebound be at least 800+ to 1000 dollars?

So is Auntie at over 1300, or is it going down further to the range of 900 to 1100?

If we assume that Bitcoin's position from 746 to 737 corresponds to Auntie's 1300, then by finding the area below Bitcoin, we can check against Auntie's area to see if it overlaps with 900 to 1100. If it can overlap, then the spot market is a very good entry point. It's not purely left-sided, but it is also a relatively left-sided position.