Last night provided a low position order near 4380 for Ethereum. Congratulations to those who joined the exchange camp and profited. Currently, from the market perspective, BTC has a long lower shadow on the daily line. BTC effectively retraced to the Vegas channel and surged, breaking through the upper trend of the bull flag. During the day, observe whether it can stabilize around 116000. If it stabilizes, the day trading should focus on low long positions.
Ethereum is relatively weak, with the death cross on the daily line suppressing it. Pay attention to the key support level at 4170. If it breaks through the upper trend of the bull flag around 4340 with volume and stabilizes effectively, look for a low long position aiming for the previous high around 4800.
Day trading opportunities:
BTC: If the 4-hour closing stabilizes at 116000, then look for a low long position. If it breaks below, then look for 113400-112000 to continue with low long positions.
ETH: If the 4-hour closing stabilizes at 4340 after a retracement, look for low long positions aiming for the previous high around 4800. If it continues to drop, pay attention to the 4170 high short watershed. If it stabilizes, continue to look bullish; if it breaks down with volume, look for 4069, and around 4069, look for low long positions aiming for 4250.
