Making money starts with market analysis! (Key insights)
Yesterday's swing trade accurately met personal expectations. Without further ado, let's dive into today's analysis and operations!
From a fundamental perspective, institutions are continuously making significant purchases of Ethereum, and the open interest is expected to reach 10% of the total by the end of the year. There is a consensus on the upside potential brought by this interest rate cut, which is also a positive for spot holders; just a pullback is needed to continue adding positions.
Current short-term swing trade suggestion: Ethereum can be lightly entered below 4550. If it breaks above 4600 and holds, we can look towards the 4700-4800 range. Since the monthly close may show signs of a pullback, it's best to secure profits when possible. Further instructions will await news from Cool.
Key point: Pay close attention to non-farm payroll data and the Federal Reserve meeting. A rate cut could trigger a new upward trend. Those with long positions should watch how Cool approaches swing trades to catch this big wave!
