Midday Thoughts #ETH

Since yesterday's high of 2646, the Auntie has fluctuated in the range of 2475 to the lowest point, experiencing repeated pulls to settle at the current 2591. It has shown several V-shaped patterns.

The hourly Bollinger Bands indicate that all lines are above the middle track, suggesting that short-term bullish strength is still dominant.

The MACD's fast and slow lines have moved from a death cross towards a golden cross, and are currently above the zero axis. The current value is still in the negative region, but there is a trend of gradual contraction, indicating that bearish strength is weakening, and a rebound may occur.

In summary, at this stage, we can follow the bullish trend for short positions and be ready to exit at any signal.

The market changes rapidly, and strategies should only be based on current price trends as a reference; entry into the market should be cautious.

Operational Suggestions:

2570-2590 bullish Target 2620-2650 Stop Loss 2540