Crypto Circle Academician: After Ethereum broke 2300 on June 24, shorts swept down to 2200. A desperate counterattack? Or a deep plunge? Latest market analysis and reference suggestions
Current price of Ethereum is 2280, it is now 1:30 AM Beijing time. A pullback is inevitable; a pullback is an opportunity to go south, especially since this recent stretch broke 2300 with obvious resistance. Yesterday's article also mentioned this; everyone can refer to it. When it goes south to 2200, exit part of your position and continue to look down. The fluctuations in the past few days have been relatively large, exceeding a hundred points of space. It's best to choose entry points at key support and resistance levels. Don't choose short-term support or short-term resistance, as it is easy to get swept out.
Before the publication, the daily K-line had a maximum of 2320 and a minimum of 2185, with a clear demand for a pullback. The EMA trend indicator is contracting, and the EMA15 fast line indicator is still at 2450, about to reach the golden ratio resistance point of 2425 at 0.382. MACD has been continuously reducing volume and increasing positions, causing DIF and DEA to enter below the 0 axis line, with the bearish momentum increasing. The Bollinger Bands are expanding downwards, with the lower support coming to 2220. The market is warming up from extreme oversold conditions. After a sharp decline, it is highly likely that there will be a continued sideways cycle, along with ongoing downward tests of the bottom support.
On the four-hour K-line, there were spikes up and down. After breaking the 2300 high, it dipped below 2200, currently pulling back to 2250 in a sideways trend. Pay attention to the EMA15 resistance level at 2280. MACD has been continuously reducing volume, and now it is starting to increase. DIF and DEA have formed a golden cross. If the four-hour K-line does not break 2200 before 4 AM, then the daytime sideways cycle is likely to be around 2250. The K-line will also test the mid-track pressure level of 2315. The lower support has come to 2130, but the overall trend has not changed; it is still bearish. Therefore, the strategy should primarily focus on short positions, with long positions as a supplement.
Short-term reference: Safety first. Remember that the market is not 100% certain, so always set stop losses. Safety first; small losses with big gains is the goal.
For short positions: test entry points from 2300 to 2330, with a defense at 2360, stop loss at 30 points, target looking at 2250 to 2200, and a break point at 2150 to 2100.
For long positions: test entry points from 2150 to 2100, with a defense at 2050, stop loss at 30 points, target looking at 2200 to 2250, and a break point at 2300 to 2350.
Specific operations should be based on real-time data from the market. For more detailed information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by the reader.