Crypto Circle Scholar: Can the Survivor of the 700 Points Earned at 11.6 Ether Escape the Trump Law? Latest Market Analysis and Short-term Strategy Reference
Ethereum's current price is 3466, it’s now 3:30 PM Beijing time. Feeling lucky? In this wave, we also gained a thousand points outside of liquidation last month on the 11th, and although this wave of liquidation yesterday didn’t reach a thousand points, it also exceeded 700 points. Don’t worry, the monkey market is not over yet. As long as Trump doesn’t step down, such market conditions will become the norm. How much can we capture next time we encounter such a market?
Before the article was published, the daily K-line reached a high of 3478 and a low of 3165. You can see that the 0.5 split line support is effective at 3170. I chose to exit at 3330 for the short-term northward move. Where the subsequent market will reach is to wait for the next clear wave. The EMA trend indicator remains bearish, which means the larger trend is still bearish. The MACD is continuously shrinking while accumulating, and the DIF and DEA are still in a bearish death cross. However, the K-line has returned to the Bollinger Bands channel. Support focuses on 3455. The current sideways market is the best result. If it stretches, that would be unexpected. The best approach is to observe and wait.
The four-hour K-line has come up from the low point of 3055 to the resistance point of 0.786 at 3460. Pay attention to the EMA30 resistance level at 3600 and the golden ratio pressure at 0.618 at 3780. If the main force breaks through 3460, then the MACD will form a golden cross trend and start to increase volume upward, leading to a bullish trend in the short term. Focus on the K-line resistance point at the middle of the Bollinger Bands at 3555. The short-term suggestion is to mainly observe, be bullish but not chase the rise, and decide whether to enter after this wave of market completes.
Short-term reference:
Southward trial point 3550 to 3600, with a stop loss of 30 points, target looking at 3500 to 3450, and if it breaks, looking at 3400 to 3350.
Northward trial point 3550 to 3600, with a stop loss of 30 points, target looking at 3600 to 3700, and if it breaks, looking at 3750 to 3800.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by yourself.
