📍Even a fool can see that Ethereum has experienced a high-level fluctuation here, with intense battles between bulls and bears. Especially last night’s fierce ups and downs, both bulls and bears were wiped out, many who chased the trend got caught.
The bulls who built positions at 2000 want to take profits at this moment, while some opportunists want to continue shorting, similar to those who kept bottom-fishing in a bear market.
ETH now has a very obvious consolidation zone, with the upper boundary clearly visible at 4340 and the lower boundary at 4160. In that consolidation zone, it’s all about left-side trading; the closer you get to the upper boundary, the more you short, and the closer you get to the lower boundary, the more you long, setting stop-loss 30 points outside the consolidation zone.
Alternatively, if you see a false breakdown or a false breakout followed by a recovery, you can jump in on the right side.
When you don’t understand, just keep your hands off, play some games, watch novels or TV, and wait for the market to unfold before you act.