Leave aside the unnecessary details. If I want to increase my position like in the first half of this bull market, $ETH , I only need two points:
1. Level expansion. Currently, the E/B exchange rate shows that the MACD on the daily chart is above the zero axis, but the MACD on the 3-day and weekly charts is still below the zero axis. I need to see:
1. The daily MACD retraces to the zero axis without breaking;
2. The 3-day and weekly MACD move above the zero axis to achieve level expansion;
3. The K line first retraces without breaking the previous low.
2. From $ETH 's own K line perspective, it should be stronger than the E/B exchange rate trend. Also, pay attention to the above points. If all are met, then look for any other narratives or similar elements.
In other words, if there is a pullback, ETH can drop more than Bitcoin without any issue because that is the norm; however, it should not drop without limits like a worthless altcoin. It must maintain a certain standing, which is necessary to establish a bullish consensus. #币安Alpha上新 #CPI数据来袭