$ETH Evening Thoughts:
I see many classmates like to trade in the secondary market, but why is that? Is it that they don't like mature and stable trades, but instead prefer the lively and fluctuating nature of the secondary market? Or is it that I've grown older and only appreciate stable emotions? I don't like things that are too lively, so let me tell all of you one thing: When you're young, you don't understand the charm of mature women; you mistakenly regard young girls as treasures. Only by experiencing it yourself can you truly understand the meaning of this statement and the joy within it.
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Talking through the chart: The two-hour level for the secondary market seems to show some dissatisfaction, not really wanting to drop and instead wanting to form a W bottom at the two-hour level. Because the recent drop did not create a lower low,
if the neckline marked in the chart is broken, the W bottom at the two-hour level will be formed.
Chase the buy at 2521 if it breaks upwards with volume; if it breaks down through 2502 with volume, chase the sell. Pay attention to the changes in trading volume and set your stop-loss accordingly.
At the hourly level, if it breaks and stabilizes above 2551, look up to 2583-2617; if it doesn't break 2551, keep an eye on these two positions.
At the four-hour level, if 2500 is broken down, look down to 2456-2437-2387, as long as 2437 can hold, there is still a chance for the secondary market.
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Continuing to look at the chart: The four-hour level for the secondary market seems to indicate a potential head and shoulders top formation. This head and shoulders formation will not form in just one or two days, and there will also be rebounds during the formation.
This is just a general observation that the secondary market seems to be heading towards a head and shoulders top; if it can break through the head, then the head and shoulders top formation will naturally not hold.
The neckline marked in the chart is a very critical position; as long as it falls below 2435 and cannot break through the right shoulder on the rebound, I will announce that the head and shoulders top is established. A bottomless abyss awaits you; we will check in two weeks to see if the head and shoulders top is established or broken, meeting adjourned.