After being stimulated by news in the early stage, our positioned long trades during the pullback did not go as hoped, ultimately resulting in a loss and exit. Over the weekend, the rebound of the major cryptocurrency was limited, with the maximum profit potential being only around 600 points, showing an overall oscillating performance.
Technical Key Signals
- Daily Level: After this round of price dropping to around 11000, a long lower shadow was formed, which is a secondary test of the critical support level at 112000; although there was a brief drop after the market opened, the current daily line has turned positive, and the validity of the support has been preliminarily verified.
- 4-Hour Level: A long lower shadow was also formed, which resonates with the daily line, further confirming the stability of short-term support.
- Overall Trend: The core support has not been broken, and there are opportunities for a rebound during the market hours, with short-term bullish signals gradually emerging. $BTC $ETH #ETH创历史新高
