$ETH Evening Thoughts:
The second contract has also improved. Let's see if the second contract can reach a new high. The second contract either doesn't rise, or when it does, it's shockingly rapid. It will rise to a point where you are afraid, to a point where you dare not enter. I hope this time the second contract is like that too.
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Let's talk about the chart: The Fibonacci 1:1 upward target position for the second contract on the hourly level is 1857, which is also the previous high and a resistance level.
If it can break through and stabilize, it is highly likely to test the 1.618 position, which is around 1934. I hope the second contract can touch the 1.618 position and consolidate and oscillate above 1900.
If the second contract breaks through 1823 with volume, chase the long on the right side; if it breaks 1816 with volume, chase the short on the right side. Pay attention to changes in volume and set a good stop loss.
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If the second contract stabilizes above 1852, continue to look upwards towards 1892-1930. If it cannot hold above 1852, then it will continue to oscillate.
On the 4-hour level, if it breaks below 1810, look down towards 1782-1756. If there are profits, first bring up the cost to protect the rest and leave the rest to the market. Meeting adjourned.