In the past two days, the market for $ETH has been particularly tangled, with prices fluctuating up and down like a swing, frequently showing false breakouts and intense fluctuations at the millisecond level. The sharp drop last night actually conveyed a clear signal: engaging in contracts at this position with high leverage is like walking a tightrope. In such extreme volatility, high-leverage trading requires extra caution, as a moment's inattention can easily trigger forced liquidations.
For short-term traders, the 2345 position can serve as an important observation point. This previous high area is both a dense trading zone during breakouts and the main battlefield for recent bull-bear battles.
If this level is effectively broken down, it indicates that the bulls who entered during the breakout are starting to turn back, and the market may further seek support downwards.
However, as long as the price can consistently hold above 2345, the short-term bullish trend remains valid. From an operational perspective, it is recommended to maintain the original rhythm, looking for low-buy opportunities during pullbacks, and gradually positioning along the trend direction will be more prudent.
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Follow closely to seize the main upward wave of the bull market!