Direct insertion loss, go back in again
Can I reach the other side of the river this time? $ETH
魏无羡
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Bullish
Fans: Wei Ge, can Ethereum still be traded after the sharp drop❓
So here comes my viewpoint. Firstly, we can see that there are only two places marked in the chart for oscillating around the center, and it's quite obvious when entering and exiting the positions. Many KOLs are creating market panic, but it's just to gain traffic. They present some adjacent viewpoints and absolute viewpoints, like saying Bitcoin must reach 9 tonight, or this week it must reach 9, which leads to comments and complaints from some people, and they start creating this traffic. As a KOL in the square, I really dislike this behavior because the square is meant for us to explore and analyze the market. Old fans know that there are no absolute indicators or information; I never speak in absolutes. I always analyze first, whether it's from indicators, naked K, Fibonacci, or Vegas, and then provide a suggested position that we can act on. So, I really appreciate the support from you brothers; without your support, we wouldn't be able to keep updating.
Back to the market, the last lowest point was on June 6, where it hit 2382, and then yesterday's lowest point was 2363. If this level can hold, it can form a support level, indicating that the selling has stopped, and the market makers are observing the market panic to see if retail investors are dumping their assets. Currently, the Vegas indicators for 15 minutes, 1 hour, and 4 hours are still at 2455, 2510, and 2520. Additionally, the MACD bearish signal has shifted from real to needing a reversal. So, is this direction worth betting on a rebound?
Suggest to go long at 2378～2408
First target 2448-2470
Second target 2510-2540 Pattern position 2600$ETH
So here comes my viewpoint. Firstly, we can see that there are only two places marked in the chart for oscillating around the center, and it's quite obvious when entering and exiting the positions. Many KOLs are creating market panic, but it's just to gain traffic. They present some adjacent viewpoints and absolute viewpoints, like saying Bitcoin must reach 9 tonight, or this week it must reach 9, which leads to comments and complaints from some people, and they start creating this traffic. As a KOL in the square, I really dislike this behavior because the square is meant for us to explore and analyze the market. Old fans know that there are no absolute indicators or information; I never speak in absolutes. I always analyze first, whether it's from indicators, naked K, Fibonacci, or Vegas, and then provide a suggested position that we can act on. So, I really appreciate the support from you brothers; without your support, we wouldn't be able to keep updating.
Back to the market, the last lowest point was on June 6, where it hit 2382, and then yesterday's lowest point was 2363. If this level can hold, it can form a support level, indicating that the selling has stopped, and the market makers are observing the market panic to see if retail investors are dumping their assets. Currently, the Vegas indicators for 15 minutes, 1 hour, and 4 hours are still at 2455, 2510, and 2520. Additionally, the MACD bearish signal has shifted from real to needing a reversal. So, is this direction worth betting on a rebound?
Suggest to go long at 2378～2408
First target 2448-2470
Second target 2510-2540 Pattern position 2600$ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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