#ETH
《Market Waterfall — Entry Timing Analysis》
The market waterfall has ended with a rebound; whether to bottom-fish has become a question many friends are pondering. Bottom-fishing is not based on feelings, but on observing the movements of Bitcoin and Ethereum during the waterfall market. If judged correctly, one can grasp the trend.
Yesterday, Ethereum mentioned that if the support near 2450 is broken, it will further drop to around 2380. After temporarily hitting the bottom, a rebound has occurred. Now, the position around 2450 has become a resistance. The entry timing requires waiting for Ethereum to stabilize and oscillate above 2450 for a more secure entry.
Bitcoin has performed relatively strong today, with support still around 101000 mentioned yesterday. Given the current situation, Bitcoin may easily continue to dip this morning. The entry timing needs to wait for a stabilization above 106000 for a more secure entry.
Whether the turbulent situation can lead to peace still requires continued waiting. Pay attention to these two key positions of Bitcoin and Ethereum. If there is no stabilization and oscillation above these positions, continue to maintain a half position and wait for the opportunity to add to positions.
