$ETH Evening Thoughts:
Now there are still students asking when the counterfeit season will come. I want to ask you, how badly have you been caught up in the counterfeit? Who made you buy the counterfeit? Can you go and spit at them? Whenever the Federal Reserve says the money printing machine is starting, that’s when the counterfeit season will come; otherwise, it won't.
Let me give you the simplest example: during the New Year, if your grandfather isn't at the table to eat, do you dare to pick up your chopsticks? Your dad probably wouldn't dare to eat first either! The second pancake's high has broken; do you think the counterfeit season will come that quickly?
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Speaking with pictures: The second pancake's hourly level is still oscillating within this flag pattern; generally, a flag pattern appearing is bearish.
Currently, the second pancake's hourly level has not yet broken the lower boundary of this flag pattern, so the bulls are temporarily safe. Once it breaks the lower boundary of the flag and cannot recover in time, the bulls should run; there's nothing worth staying for. Unless it can break through the upper boundary of the flag, otherwise no one can save it.
For the second pancake, if it breaks through 2490 with volume, chase the long position on the right side; if it breaks 2481 with volume, chase the short position on the right side. Pay attention to changes in volume and set a good stop loss.
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If the second pancake can break through the 2500 integer level on the hourly chart, look up at 2530-2550; if it cannot break, it will remain at these positions.
On the 4-hour level, if it breaks 2460, look down at 2391-2315.
Continue looking at the picture: If the second pancake wants to form a W bottom on the hourly level, it must break through 2530; only then can the W bottom on the hourly level be established. If it cannot break through 2530, it is of no use. In a sideways market, try to open fewer positions; if you do open a position, don’t move it around randomly, or wait for a clear direction before opening a position, otherwise, the back-and-forth friction won't be enough to wear down your capital. Meeting adjourned.
