#ETH
《Trend Changes — Current Market Analysis》
The Bitcoin hourly chart seems to have broken below the lower Bollinger Band, which is not a good trend. The nearest support below is around 108300, and the daily chart is also starting to turn downwards. Everyone should pay attention to the risks and manage their positions well.
Ethereum is starting to strengthen, with momentum even stronger than Bitcoin. Since it has just broken above the resistance of 2800 today, the support at this position is not very solid. We should pay attention to the position around 2780 below; if it breaks below, we will need to start a pullback trend.
Friends holding heavy positions can take advantage of the current relatively high point to reduce their overall positions to half, waiting for Bitcoin and Ethereum to stabilize after a pullback before adding positions again. Everyone's chips are different, but in the face of trends, everyone will follow the fluctuations of Bitcoin and Ethereum, making it difficult to have an independent market trend.
For those who were advised to add positions around 2.4 for CAKE, it has now reached around 2.7, which is our profit-taking and reducing position. We will continue to keep the buyback position around 2.4, constantly high-selling and low-buying to increase our chips. The same applies to other altcoins as well.