$ETH Evening Thoughts:
The second pie has a very strong attitude; in the morning, it briefly fell below 1800 but has now returned above 1800 and is consolidating above 1800.
The second pie is quite similar to some people who like to pretend to be strong, and they also enjoy pretending to be very strong. If you can't hold on, why are you still trying to act tough? Don't you know that pretending to be strong has its risks? Just let it go.
In reality, you are a player who hides from others and doesn't dare to speak, but here you come to act tough. Are you invincible or tough?
Or are you not afraid of pain? Be more low-key, friend; it will benefit you. This is the current situation of the second pie.
🦋
Speaking with charts: The MACD on the daily level for the second pie is about to cross the zero line, but the slow line is still under water and has not yet come ashore. The bulls still cannot fully control the market. As time goes by, if the fast line also returns underwater, then it will be the bears' world again, which is not what I want to see.
Looking at the weekly level, last week closed with a high position doji star, indicating that the resistance above the weekly doji star is significant. I predict that this week the second pie will undergo a correction, and as for how far it can correct, we will have to watch it as it moves!
🦋
For the second pie, short positions should be pursued to the right after breaking 1812 with volume, while breaking 1823 with volume should be pursued to the right for long positions to catch a rebound. Pay attention to changes in trading volume and set proper stop losses.
If the second pie can stabilize above 1818, it will look towards 1850-1890, but it seems a bit difficult.
On the 4-hour level, if 1795 is broken and cannot recover, then the second pie must undergo a correction; no one can stop it from looking down to 1744-1692. Be patient and wait for a direction to act on, or whichever comes first, act on that.
Trading is about probabilities; both bulls and bears each account for 50%, it's just a matter of which comes first and which comes later. Meeting adjourned.
