Ethereum:

Whether it's Bitcoin or Ethereum, I'm currently bullish on both. If Bitcoin rises, there's no reason for Ethereum not to follow.

Some classmates asked me:

You've been bullish for several days now, why hasn't the market gone up? How am I supposed to answer that question?

Just because I'm bullish, does that mean the market will immediately rally? Just because I'm bullish on Bitcoin, will it rise by 10,000 dollars on the spot, and Ethereum by 5,000 dollars?

Don't you have to wait for it to break through the resistance level before it can start rising? I just regret that I'm not Trump, otherwise, I would definitely meet your demands.

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Talking through the chart: On the hourly level, if we look at it according to wave theory, we are currently in the third wave of an upward movement. I don't know how far this third wave can go, but if there is a pullback, it must not fall below the low of the second wave. If the low of the second wave is broken, this wave's upward five-wave pattern will be declared a failure.

😊

Break through 2427 with volume on the right side to chase long positions, break down 2420 with volume on the right side to chase short positions, and pay attention to changes in volume, and set good stop-losses.

On the hourly level, if it can hold above 2433, we can continue to look up to 2463-2501; only by breaking through 2433 can we look upwards.

On the four-hour level, if it breaks below 2391, we look down to 2349-2315.

Continuing to look at the chart: On the daily level, if it can break through these two doji candles marked by the yellow box, it will rise to the next level, breaking away from the current consolidation area and moving to a higher consolidation area. If there is no market movement, be patient and wait for the market; the meeting is adjourned.