$ETH Evening Thoughts:
The second contract has been rubbing back and forth at the 2500 integer mark a few times now. After a few more rubs, it should be stable this time! If it stabilizes, then let's surge upward!
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Speaking with images: Today, let's look at the weekly chart of the second contract. This week's close is quite disgusting. For four consecutive weeks, we've seen high-position doji candles. I ask you, are you scared? This indicates that there is strong selling pressure around the 2730 position, along with profit-taking.
Why is there such significant selling pressure and sell orders at the 2730 position, causing it to remain unresolved for four weeks?
If you bought the second contract's spot or contract long position and have been stuck at 2730 for half a year, finally managing to break even, I ask you, will you run or not? Do you still have a strategy? Can't you see the situation of the second contract clearly? If you don't run after breaking even, I can only say you deserve to be stuck; if you are willingly stuck, there's nothing more to say.
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For the second contract, go long on the right side if it breaks above 2520 with volume, and go short if it drops below 2495 with volume. Pay attention to the changes in trading volume and set your stop-loss properly.
If the second contract breaks and stabilizes above 2550 on the hourly chart, look upward to 2582-2621. Tonight, I want it to break above 2550 and stabilize there.
On the four-hour chart, if it drops below 2501, look downward to 2450-2395.
Continuing with the chart: The Fibonacci 1:1 upside target for the second contract on the hourly chart is 2605. Let's see tonight when the U.S. stock market opens if the second contract can touch the 2605 position. If it can stabilize at 2605, it will likely reach the 1.618 position at 2698.
Today, the college entrance examination has also ended. I don’t know what the exams were like. Nowadays, scoring 200 or 300 points can still get you into college, and there are more college students than workers. I wonder what the significance of this college education is. It’s better to do what you should do instead of wasting your youth; that would be a sin! Meeting adjourned.