#ETH Ethereum is currently around 3690...
Today's market isn't difficult to read; it surged to 3725 in the morning but couldn't break through.
The pullback was also quite decisive.
Those who want to go long should wait for a pullback confirmation before entering; don't rush.
Those who want to go short shouldn't chase; it's easy to get caught halfway up the hill.
Ethereum's key point now is around 3750.
Whether it can break this level will determine today's market movement.
The critical resistance level for intraday rebounds remains at 3750.
This position isn't just about touching it once.
It needs to stay above for at least four hours.
Only then can we say the rebound has strength; otherwise, it's just a round of false signals.
Only if it stabilizes above 3750, will there be room to reach 3800, 3850, or even 3878.
But if it can't break 3750, the market is likely to undergo a daily-level correction.
This isn't a minor fluctuation; the rhythm has to change.
For short-term support below, first look at 3620, then further down at 3570 and 3520.
I won't guess the direction now; I’ll just watch the rhythm to see if it allows.
If the levels are hit, I'll act; if not, I'll just watch the show.
Previously, I was often tricked in and out by the main players.
It was only later that I understood, losses aren't due to direction.
But rather from not understanding position sizing and rhythm; even if the direction is correct, I still lost.
Now I only do two things:
First, watch the changes in key price levels and emotional levels;
Second, use small positions to test, large positions to profit, and have the defense points calculated in advance.
Don't ask me how I know these points in advance; I've been watching the market for years.
Do you know how many times I've been trapped by the market?
I’m not a god; I just don't want to return to that state of losing more as I trade.
The market is still in a critical turning point; if the rhythm is unclear, don’t force it.
If I come up with a strategy, I’ll mention it in the small circle in advance; if you miss it, you’ll have to figure it out yourself.
