$ETH $BTC The market started to fall at 22:30 last night, and plummeted 6.22% in one hour. The speed and magnitude of the plunge were beyond our expectations. At 22:59, the one-minute line plummeted 2.43%, reaching the support and stop loss levels of 3618, 3598, and 2680 set for long orders. The habit of opening orders with stop losses reduced losses and margin calls.
From the daily level, the decline from the high of 4109 to 3339 can be calculated, but the speed of decline is difficult to calculate. The daily line closed with 5 consecutive positive lines and ushered in 2 large negative lines, breaking the increase of the previous 5 days. The current price position is unlikely to fall sharply, and the short-term market will fluctuate and repair.
Looking at the 4-hour line, the MACD underwater green column is at 3365, the green column shortens and turns red, and the first red candle has just appeared. The K-line is above the water, and there are signs of a stop-loss and correction. If the next 4-hour line turns red, you can be bullish around 3380.
Looking at the hourly chart, MACD turns from underwater to above water to form a golden cross, the red candle keeps shortening, and the trading volume has not increased significantly, which is the stage of collecting chips at the bottom of the bulls. The hourly chart can show a callback, and it is bullish around 3320, which is a better bullish price.
Trading strategy: After the big drop, the market is in a volatile recovery trend. The downward space is not large. The support level is 3000 points. The short-term is bullish. The short-term is bullish to 3486. The short-term focus of the big cake is 96200. Pay attention to the specific strategy homepage.
