Happy May Day holiday to all friends, don't forget to balance work and rest! Yesterday's market successfully yielded profits, demonstrating that strict adherence to trading discipline provides daily profit opportunities. Next, I will analyze the Ethereum movements and operational points during the early morning:
I. Medium to short-term trend analysis (1-4 hour level)
Key focus on the critical level at $1830:
- Bullish trend: If the 1-4 hour candlestick effectively stabilizes above $1830 after a pullback, it is highly likely to continue the sideways upward trend.
- Short risk: if $1830 is lost, be wary of a trend reversal to a pullback; the bearish force may dominate short-term trends.
II. Key support levels
1. Short-term support: $1813-$1819 range. Aggressive traders may enter long positions lightly when $1808 stabilizes, with strict stop losses; if it cannot stabilize, it is advisable to abandon the operation.
2. Rebound support: $1775-$1780 region. Light positions with stop losses may be taken to test long opportunities.
3. Strong rebound support: Near $1715-$1720. As long as the $1700 level is not broken, consider laying out long positions.
4. Pin rebound levels: $1680-$1685, $1630-$1640, $1605-$1615, suitable for ultra-short-term trading to capture rebounds.
III. Key resistance levels
1. Short-term resistance: $1885-$1890. You may attempt to short with a stop loss, but be mindful of the risks; if this price level is not reached, abandon the operation.
2. Key resistance: $1905, $1917. If the price fails to effectively stabilize, short positions may be considered with a stop loss; if it breaks through and the 4-hour candlestick does not close above, consider adding positions to bet on short profits, while ensuring to move the stop loss.
3. Pullback resistance: $1940-$1950 (if $1960 is not stabilized, consider attempting to short), $1960-$1970 range.
4. Important volume pressure: $2060-$2070. Breaking through this range will open up upward space.
IV. Key points at the daily level
1. Support level: Pay attention to $1795. If the daily closing price holds at this level, the sideways upward pattern will be maintained; if it breaks, be wary of intraday pullback risks. The current daily support area is $1790-$1795, $1740-$1730.
2. Resistance levels: Daily level resistance concentrated in the $1830-$1835, $1850-$1855 range.
V. Trading discipline reminder
Please strictly follow the above strategy. When the market does not present suitable opportunities or confidence is lacking, it is advisable to stay on the sidelines and avoid blind entries. For systematic learning of trading skills, you may follow the account introduction for more content.#MichaelSaylor暗示增持BTC $ETH