It's said that rather than restarting, it's better to start from the heart

4.1, Tuesday, Evening Analysis of Ethereum's Trading Ideas!

Going long is still excessive, going short is the final destination. The strong resistance at 85000 is still not easy to break, while Ethereum's strong resistance is at 1950. As long as we don't break through the strong resistance, we still hold a bearish position. In the afternoon, I suggested going short, but got trapped. I averaged down near 83500, and it was pushed up to around 83600. Ethereum reached 1866. Rather than starting over, it’s better to stick to the plan. If we die, it’s still in the short position, with a defense at 85000; if it breaks, it will surge!

From a technical structure perspective, on the four-hour chart, after the price opened the running channel, it failed to maintain above the upper track and formed a significant pullback due to consolidation. The volume is arranged in a shrinking state without supportive release, and the moving averages have also shown a reversal. The short-term cycle clearly indicates high-level pressure. Under strong upward movement, a certain degree of consolidation and bottom-building is needed, and the lower space needs further testing.

On the one-hour chart, the price is struggling to stabilize at a high level, directly plunging towards the lower track, and the bearish volume shows a significant arrangement release, causing the moving averages to turn consistently. After a downward spike, there was a certain recovery effect, but it was a normal repair after a retracement. The demand for short-term correction is strong, and our upcoming strategy is mainly focused on short positions.

Bitcoin trading suggestion: Short near the 84500 area, targeting 83500-82500.

Ethereum trading suggestion: Short near the 1880 area, targeting 1830-1820.