Making money news starts with market analysis!
In the early morning, Ethereum surged through new highs, reaching the position of 4957, and then continued to decline to 4667. Every time a new high is breached, there will be a wave of corrections to digest the funds above, and a new batch of bears and bulls will also be established. At this time, the importance of spot trading is highlighted.
In a rising market, spot trading is not afraid of declines as long as one can clearly see the overall direction. Contracts need to have control over the market, ensuring protection against corrections, as malicious selling has become quite common.
Current operating advice is to continue focusing on low-cost long positions. One can continuously enter long positions below 4720. Due to high volatility, it's best to control the safe defensive point at 4650. Short positions are not advisable, as the Federal Reserve's interest rate cuts are still continuing to ferment!
