ETH Evening Observation
Currently, the trend is biased towards falling. It has quickly retreated from the high point during the day, breaking through the short-term moving average and accompanied by increased volume. The short-term bearish momentum is not over, but the 6-hour RSI is oversold and may trigger a technical rebound. If the rebound does not exceed 4180, it remains a high short position.
First, let's observe the strength of the pullback:
Idea: Around 4110-4130, first observe near 4180, and if there is volume, then look at around 4220.
If it breaks below 4100, the bullish position is canceled, and a reversal to the downside is expected, looking at around 4050-4000.
Please note that the above strategy needs to be adjusted according to the actual changes in the market, and it is also recommended to set reasonable stop-loss levels to control risk. Risk Warning: The content is only personal opinion and does not constitute investment advice. $BTC
