0508 Early Thursday Discussion on Two Pancakes:

$ETH After a second test of the 1850 resistance in the afternoon, it has retreated. Currently, the hourly level has broken again. The important support level below is 1805; it cannot drop below this level at the four-hour close. One can wait for the hourly close to break above 1830 before considering long positions, as that would provide a chance to push towards the 1850-1870 resistance. Until the hourly stabilizes above 1830, long positions are not considered. If the four-hour close drops below 1805, this rebound will end, and one can continue to look at the support levels below 1750-1730.

Personal Operation: Watch around 1800-1805, looking at 1850-1900. Stop loss at 1740. #美联储FOMC会议