4.4, Friday, Analysis of Ethereum's Evening Strategy!

I have been watching the market quietly for three days. Since Trump's speech caused a rise followed by a drop, the market has been in a state of fluctuation. Going long has always been excessive, while going short seems to be the destination. From the line of 88500, it directly dropped to 88100 in one night, and then rebounded to 84700 before dropping to 82600 again. In the evening, we don't need to consider much; we can just focus on the range of 81000-80000. I've been quite busy lately and haven't analyzed much for everyone, but today we will start normally and return to regular analysis!

From the one-hour technical structure chart, the price channel is oscillating and trending downwards. The lower channel shows signs of opening up, but due to a slow pace, the pullback is accompanied by a recovery. The conversion of long and short volume is frequent, and the downward oscillating pattern is already apparent. For the upcoming short-term strategy, we will maintain a short position on rebounds.

On the four-hour level, the running channel forms a strong contraction, and there is narrow pressure on the upper track. The price is weakening and moving lower within the box. The bullish volume release is blocked and shows a weak state. The moving averages have not shown a clear upward reversal, and the small cycle also shows a further demand for decline. The short-term oscillation is obvious, with upward movements facing resistance and showing a pullback. In the upcoming strategy, we will primarily participate in short positions at higher levels.

Personal trading suggestion for Bitcoin: Go short in the 83600 area, targeting 81600-80000.

Personal trading suggestion for Ethereum: Go short in the 1820 area, targeting 1760-1720.