The Ethereum 3660 short has started to eat big profits again! Make a reduction at 3600, then take positions around 3520 and 3470. If it continues to break down, we can really look at 3400 and 3200; this is not an alarmist statement!

7.25BTC/ETH Market View:

Bitcoin's daily K line closed in the red again, with the Bollinger Bands narrowing, and the upper band closing downwards. Currently, we are watching whether the middle track of the daily K line can hold as support. The bearish MACD energy is starting to expand, and both KDJ and RSI are turning down, indicating a need for a pullback in the market. In the short term, on the 4-hour level, the price is testing near the lower band support, be cautious, as the lower band is opening upwards. We are currently watching whether the lower band support can hold, with the market oscillating around the range of 121000 and 115600. As long as it doesn’t break out of this range, we can participate by shorting at highs and longing at lows within this range.

The lower supports are at 117200 and 116000, where we can ambush and enter long positions. If it breaks below 115000, the long positions should stop-loss as the market could easily undergo a deeper correction.

For the upper resistance, pay attention to 119500, 120500, and 121000. Shorting should be done near 120000 for more safety.

Ethereum fluctuated yesterday, with a minimum pullback to 3505 before rebounding to around 3772. Yesterday, I provided a low long entry at 3530 and a chase long at 3710, both yielding great results! The daily K line ended the previous two consecutive reds with a line showing upper and lower shadows. For the market to weaken, it must first effectively break below 3500. The middle track of the daily K line supports around 3200, so pay particular attention to the gains and losses around 3500; breaking below here could lead to a deeper market pullback. Looking at the 4-hour level, the strength of the rebound is weakening, and the current price is stabilizing around the middle track.

For the upper pressure, pay attention to 3680 and 3780, where we can consider entering high shorts. For lower targets, focus on 3600, 3520, and 3470.

For lower supports, pay attention to 3520 and 3470, where we can try to ambush and wait for a low long entry. If it breaks below 3400, the market will weaken and may easily go towards 3200. #以太坊交易量反超比特币