$ETH Evening Thoughts:
When the second contract doesn’t move, you say it’s useless, and when it does move, some say it’s really strong and they haven’t gotten in yet! Haha, I really don’t know how the second contract can be done to satisfy everyone.
When it drops, people want the second contract to rise; when it rises, they want it to pull back. People are the hardest to deal with.
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Speaking through the chart: the second contract’s 15-minute small level is also showing lower highs and lower lows. From the current market, the second contract still hasn't stabilized at 2500, and has been fluctuating around 2500.
If the second contract can stabilize above 2500 and continue to consolidate above 2520, it will continue to rise and open up upward space.
If it breaks above 2512 with volume, look to buy on the right side; if it breaks below 2498 with volume, look to sell on the right side. Pay attention to volume changes and set proper stop losses.
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Looking at the second contract on the daily level, these three large bullish lines have confused many. After the first rise, if you’re not convinced, then they’ll raise it two more times. Asking if you’re convinced; if not, it continues.
Many didn’t react to this wave of the second contract’s rise. In the crypto world, you have to be a fence-sitter, swaying both ways.
On the hourly level, if it breaks 2521, continue to look up at 2561-2620; if unable to rise, it will enter a consolidation phase.
On the 4-hour level, if it breaks below 2454, look down for a pullback at 2389-2276. Continuing to look at the chart: if the closing price on the 4-hour level cannot close above the closing price of the K-line indicated by the yellow arrow in the chart, then the second contract will see a pullback. Whether it’s a pullback or a deeper drop will depend on the situation. Be wary of any news tomorrow morning that might cause a sharp drop. Meeting adjourned.