Crypto Circle Academician: Ethereum Under Strong Pressure of 6.9! How Much Breakthrough Space Do Bulls Have? Latest Market Analysis Reference
Ethereum current price is 2525, and it is now one thirty in the morning Beijing time. After going around in circles, the market has returned to the nearby point to board southbound. Many crypto friends have thrown out the idea that this market is suitable for swing trading, suggesting to make a profit of twenty or thirty points and then run. What about stop-loss? Where to place it? Can we achieve small losses and large profits? Small losses and small profits are meaningless, and large losses with small profits are even more meaningless. One must know that when the risk of trading is greater than the reward, the best approach is to wait and see. Currently, there is no need to swing trade in the market.
Daily K-line highest 2534, lowest 2483. The daily K-line has been hitting the EMA15 trend line resistance for three consecutive days, forming a strong triple top pressure. Every time this indicator appears, even if the main force breaks through the strong pressure, the upward space is limited. Just get used to it. The MACD top divergence has persisted for a month, with a long time of volume contraction and extreme contraction of the Bollinger Bands. The upper track has been horizontal at 2689, and the lower track has also been horizontal at 2430 for a long time. Now we are waiting for the opportunity to open up.
The four-hour K-line has been operating below the rising trend line. It made an impact yesterday, and after a pullback today, it has again turned upward to impact the trend line resistance at 2545. The MACD has been continuously increasing in volume, indicating that the short-term bulls are gaining strength. However, the DIF and DEA are below the 0 axis, indicating that the bulls are still within the control range of the bears. The upper space focuses on the Bollinger Bands upper track resistance at 2570. Before that, it is advisable to choose to go south with confidence.
Short-term reference: Safety first, remember that the market is not 100%, so always have a good stop-loss. Safety first, small losses and big profits are the goal.
Southbound trial entry point 2550 to 2600 long, defense at 2650, stop-loss 30 points, target looks at 2500 to 2450, break point looks at 2400 to 2350.
Northbound trial entry point 2350 to 2330 short, defense at 2280 short, stop-loss 30 points, target looks at 2400 to 2450, break point looks at 2500 to 2550.
Specific operations are based on real-time market data. For more information, please consult the author. The article publication may be delayed; it is recommended for reference only, and risks are borne by yourself.