Morning reminder of the empty

4.2, Wednesday, Analysis of the Morning Strategy for Ethereum!

Yesterday's market, everyone saw the fluctuations, the market maker executed a wave of back-and-forth, many brothers must have been caught in it, dropping to around 82500 and then pulling up to 85500, this drop of 2000 points followed by a rise of 3000 points is indeed nerve-wracking. Ethereum fell to around 1840 and then pulled up to around 1930. Today, we still prefer to short at high positions, and there’s no need to say too much here. The plan for the day lies in the morning; we can look to short this morning!

From a technical structure perspective, on the daily level, the price is under pressure and oscillating around the mid-line. The running channel is in a state of narrowing downwards, with a continued arrangement of bearish volume. There are virtual bars but no signs of volume contraction. The moving averages are turning upward but failing to hold, and while there are no significant signs of a sharp decline in the trend, there’s currently no demand for an upward surge.

On the four-hour level, the form suggests an upward probe, presenting a retracement trend. The bullish volume is insufficient, making it difficult for the running channel to open upward. The moving averages are gently turning, and in the short cycle rhythm, it still leans towards a weak downward consolidation. Our subsequent strategy will focus on shorting.

Personal trading advice for Bitcoin: Short around 85600, target at 84600-83600.

Personal trading advice for Ethereum: Short around 1915, target at 1880-1850.