Bitcoin repeatedly breaks previous highs! Is the Ethereum slump plot reappearing? Is shorting undoubtedly the wise choice?
The price is slowly creeping up amidst fluctuations, but it hasn't even touched yesterday's high — this trend is a typical 'false move to lure in buyers'! Now it has surged to the vicinity of yesterday's spike high, directly placing short orders at the fluctuation high and previous high positions.
Looking at the trend line around 1770-1760 below — if it breaks down, the shorts will count their profits; if it holds, there might be a couple of more bounces in the short term. The MACD indicator is entangled between the golden cross and death cross, but the KDJ and RSI have already formed a three-line golden cross upwards — is there a short-term rebound? It’s just the right opportunity for bears to enter!
4-hour level: $1879 is the target for the bears!
Currently being tightly pressured by the mid-track, MA300, and previous highs — if it dares to break through during the day, Ethereum might surge to $1879. But don’t panic! The probability of breaking through this position is lower than winning the lottery — honestly short, and if it breaks, adjust the opening price upwards according to the market strength, and if it drops, obediently cash out for safety.
The MACD fast and slow lines' death cross is still expanding, with balanced volume below the 0 axis — this position is a 'bear’s gas station', and the space below may explode at any time!
Currently, the upward trend has sustainability, but wait for the price to correct, and continue to lay in wait.
Continuously layout strong altcoins, need to follow the remarks 111 Impermanence leads!
