#ETH Aiyitai, this rebound has many people feeling impulsive again...
The daily chart is still declining, and this rebound on the four-hour chart
is just a correction within the downtrend.
Where is the key point?
In the range of 3600-3685, as long as it doesn't break below this, I consider it a 'bull trap'.
Previously, a fan asked me why others chase after a rise
while I wait for it to reach resistance before taking action?
It's simple:
The rise is for short positions to lie in wait, not a reason to chase.
Today, the key is to observe two rhythms:
Upper focus: 3600, 3685; if it rebounds to this vicinity, I still lean towards a bearish outlook.
Lower support: 3500; if it breaks below this level, the rebound is basically confirmed to be over.
Once it breaks 3500, this rebound will have little significance.
The next key levels to watch are 3350, 3240, and 3150.
If it really drops, I might even go long at specific rhythms.
It's not going against the trend, but rather a 'turning point game'.
Many people always ask me how to judge long or short positions; it's really not that complicated:
✅ Understand to wait for key levels,
✅ Know how to control your position size,
✅ Understand to remain calm when it's the right time to have a light position,
✅ Be bold when it comes to key points.
If you are still chasing after every rise and cutting losses on every fall, you are destined to be cut.
To succeed in this wave, it depends on whether you can
short at the end of the rebound and enter at the key pullback.
The market rewards those who are prepared, not impulsive traders with a rush of blood.
Don't act recklessly; if you still can't distinguish where the short points and support points are,
follow @山虎资本 ; there will be good opportunities today.
