The short positions around 2630 and 2655 yesterday reached the expected take-profit level. Overall, the market performance has been quite ideal. So how do we view the market at dawn?
Currently, from 1 to 4 AM, it is in a bullish structure. In the 1-hour candlestick level, attention should be paid to 2602. This means that if the 1-hour level pulls back and breaks below 2602, be cautious of the risk of the market turning bearish. Around 2615, watch for a slight rebound in the short term. Here, a light position can be taken as a trial; remember this is in the 1-2 hour market.
In the 4-hour candlestick level at 4 AM, the focus is still on 2565. If this level does not break, the major market direction remains in a strong upward oscillation. If it breaks below this level, it is highly likely to pull back and test the support below. In the 4-hour market, pay attention to short-term long opportunities between 2575-2585. As long as the candlestick does not break during the pullback, one lot can be entered.
Support levels: 2570-2580, 2508-2518, 2450-2460
Resistance levels: 2655-2665, 2725-2735, 2760-2770$ETH