The trend of ETH is like riding a rocket, let's chat a bit:
1️⃣ How fierce is this wave of market?
Look at that price bar (referring to $2085), it’s like stepping on the gas, breaking through the 2000, 2050, and 2080 levels in one go over the past few days. The volume bars are getting higher and higher, indicating that real money is being poured in, and the market sentiment is really high!
2️⃣ Nothing falls from the sky, check where the support levels are
There’s a solid little platform here, if it drops without breaking this level, it’s like a basketball bouncing back up off the floor, likely to continue surging upwards. Below that, $2020 is the old bottom, but with the current momentum, it might not hit that for a while...
3️⃣ What do those moving averages floating around mean?
The 7-day and 3-day moving averages just clustered together and turned up, like two little brothers holding hands going out for a stroll. But that $2100 level looks like a roadblock; if we can jump over it in one go tomorrow, we might just see the $2150 scenery.
4️⃣ What are the major players doing?
Look at the queue of buy and sell orders, the buy orders are slightly more than the sell orders, but don’t get too excited too soon! The recent funding rate is only 0.01%, indicating that leveraged players haven’t entered the market on a large scale yet. If one day a big bearish candle suddenly engulfs several bullish ones, we need to quickly hold our noses and run!
5️⃣ What should we do today?
For those who don’t have positions, entering the market now is a bit risky; it’s better to wait for a pullback and stabilize around the 2060-2070 range. For those who are already in, set your stop-loss below 2050, take profits when you can, and don’t get shaken out by the market makers!
I heard there’s a big scoop coming soon... In short, remember these three points: ① Don't chase highs ② Set stop-losses ③ If you see volume rising but prices stagnating, get out quickly! Follow my rhythm, and we’ll steadily seize this wave of the market!
The market is currently full of turmoil, walking alone is lonely; follow me for daily potential layouts and bull market strategy layouts.
