$ETH Evening Thoughts:
For the second contract, when you say it's weak, it doesn’t need any reason to rise, just like an 18-year-old guy charging forward. When you say it's strong, it can drop like an 80-year-old man, clanging down. So, the rise and fall of the second contract have no reason, it all depends on mood; the second contract is even more volatile than counterfeit coins. Many classmates like to trade the second contract, I don’t know why? Maybe they haven’t been hurt before! After being heartbroken, who else can the heart love?
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Talking through the chart: In the 4-hour timeframe for the second contract, the yellow box area has formed two consecutive high-position doji stars, indicating that there is a divergence between bulls and bears at this position. Bulls and bears are fighting, and neither side is yielding.
Looking at the white arrow pointing to this large doji star, it resembles a gravestone star; this doji formation is the ugliest. If the market reaches this gravestone star, everyone should pay close attention. If you have long positions, you can take profits on half here, unless a bullish candle can engulf this gravestone star; otherwise, there is a high probability that it will drop the same way it rose.
The second contract can break out above 2618 with volume for a long position on the right; if it breaks below 2605 with volume, look for a short position on the right. Pay attention to changes in volume and set stop-loss properly.
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In the hourly timeframe for the second contract, it must break and hold above 2628 to see target positions above 2650-2676; it’s too high to see any further now.
In the 4-hour timeframe, if it breaks below 2588, look down to 2550-2504.
Continuing to look at the chart: In the daily timeframe for the second contract, it is currently moving within this range; it will continue to oscillate in this range until a clear direction emerges. You can perform high sell and low buy actions around this range.
In the hourly timeframe for the second contract, all highs and lows are being elevated. Until higher highs and lower lows appear, I suggest remaining observant.
If you really want to trade, then refer to the positions in my strategy for a short-term itch relief.
Additionally, this week has a lot of macro data and speeches; I don't know which data or speech might cause the market to reverse, so if you make a profit in short-term trading, just run. This approach is always correct; meeting adjourned.