分析师舒琴
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This is Benqin speaking~
ETH has now entered a temporary correction period, how low will it go? This time, since it rose too much before, a correction is due. Currently, a relatively good entry point is around 2430 to 2450, where a short-term rebound can be taken.
Yesterday, we mentioned rebounding at the support near 2540, and indeed, it rebounded to 2640, yielding a profit of 4%. Therefore, we can also pay attention to rebounds starting from 2450 this time, ideally reaching around 2520. We don’t need to gamble on where the bottom is; just take a rebound and exit, which is very stable.
For altcoins, being aggressive means buying the dip on the left side, but a more stable approach is to wait for Bitcoin to break through its previous high again, and then altcoins will follow suit. We just need to follow up; this kind of right-side trading may only allow for capturing a small profit, but it is stable. It depends on how much risk you are willing to take.
There’s one thing to note about ETH: I mentioned yesterday that there has been no net inflow of funds into Ethereum's ETF, and Wall Street hasn’t bought in. The current rise is mainly due to the explosion of short positions from the previous three months, which might be a one-time event. So, don’t be too greedy; just take profits when there’s a high point. If BTC really breaks through, then we can do some follow-up gains, minimizing personal subjective judgment and making rational operations.
Also, at 8:30 tonight, there will be some unemployment and PPI data, which are not very important and have a small impact on the market unless there is a significant deviation. If interested, you can take a look. Benqin will be updating the points in real-time~
ETH has now entered a temporary correction period, how low will it go? This time, since it rose too much before, a correction is due. Currently, a relatively good entry point is around 2430 to 2450, where a short-term rebound can be taken.
Yesterday, we mentioned rebounding at the support near 2540, and indeed, it rebounded to 2640, yielding a profit of 4%. Therefore, we can also pay attention to rebounds starting from 2450 this time, ideally reaching around 2520. We don’t need to gamble on where the bottom is; just take a rebound and exit, which is very stable.
For altcoins, being aggressive means buying the dip on the left side, but a more stable approach is to wait for Bitcoin to break through its previous high again, and then altcoins will follow suit. We just need to follow up; this kind of right-side trading may only allow for capturing a small profit, but it is stable. It depends on how much risk you are willing to take.
There’s one thing to note about ETH: I mentioned yesterday that there has been no net inflow of funds into Ethereum's ETF, and Wall Street hasn’t bought in. The current rise is mainly due to the explosion of short positions from the previous three months, which might be a one-time event. So, don’t be too greedy; just take profits when there’s a high point. If BTC really breaks through, then we can do some follow-up gains, minimizing personal subjective judgment and making rational operations.
Also, at 8:30 tonight, there will be some unemployment and PPI data, which are not very important and have a small impact on the market unless there is a significant deviation. If interested, you can take a look. Benqin will be updating the points in real-time~
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