Does the market still touch the bottom support during the day? Are the bulls still struggling?
The situation in the Middle East had already been hinted at before the US stock market opened 🚨, and it goes without saying on the market. The hourly level perfectly traced a slide 🛝, after the turning point, it switched from 13 consecutive bearish to bullish; the one-sided trend is just beginning. The four-hour chart has also shown four consecutive bearish candles, so short-term attention should be paid to the US stock market closing time and the Asian market's movements. Last week, it was mentioned that to succeed, one must first short. Through the two waves of medium to long-term short positions, the mainstream has perfectly realized this. The bears are now focusing on tonight's low point around 103300; it is not the time to buy the dip!
On Monday, in the live broadcast, we placed shorts in batches between 107500-108500, with a minimum pullback to 104500, giving us a space of 4000 points. Ethereum was synchronized to enter short positions at 2630-2650, with a minimum pullback to around 2525, giving us a space of 100 points.
On Tuesday, whether in the static post or the live broadcast, we continued to lay out shorts. In the evening live broadcast, we suggested entering short at 105500, and the US stock market closed at a minimum pullback to 103300. Ethereum short positions were entered at 2560. If it breaks the support level, the bears will continue to probe down to the 2451 line, giving us another 100 points of space.
When you hesitate, it is an opportunity for others to profit. This month, short-term, swing, and medium to long-term positions are all in the open market. We have been reminding not to do catch-up trading. The market arises in despair, develops in hesitation, and ends in madness. The overall market has currently made a certain rebound space. If it effectively breaks and stabilizes above 106000, shorts can be re-entered, with a stop placed at 106800. Ethereum should focus on the resistance at the 2580 line. The specific real-time trend should be based on the actual market!
The formation of trends is not based on imagination, and the accumulation of profits is not based on luck! There may be mistakes, and there may be oversights, but these are all risks caused by trading. Risks can only be controlled but cannot be avoided because without risks, there would be no profits. Therefore, only by understanding how to control risks can one truly grasp profits.