Others laugh at my madness
I laugh at others' inability to see
The benevolent see benevolence, the wise see wisdom
The world does not lack beauty, it just lacks eyes to discover beauty.
吴漾币盈
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This week continues to see a retreat, simple and clear.
Ethereum is currently in a rebound trend after a significant drop, and the focus can temporarily be on the range positions of 3685-3345.
Looking at the current price trend from the monthly perspective, it still shows a weak downward trend overall. The price is under pressure from the upper Bollinger Band, and Wu Yang believes that a rapid rebound in the short term is not achievable. Follow the trend and try not to trade against it. If trying to gain some space, strict entry protection is essential.
From the weekly perspective, last week closed with a large bearish candle, compared to the bullish candle two weeks ago. The current trend has formed a cloud cover pattern, and the market will continue to retreat. It is now exactly 10:00 AM, and there is a slight rebound on the weekly chart; however, the overall trend is already established, and the weak market conditions are defined. Everyone should trade according to the trend.
Looking at the current price trend from the monthly perspective, it still shows a weak downward trend overall. The price is under pressure from the upper Bollinger Band, and Wu Yang believes that a rapid rebound in the short term is not achievable. Follow the trend and try not to trade against it. If trying to gain some space, strict entry protection is essential.
From the weekly perspective, last week closed with a large bearish candle, compared to the bullish candle two weeks ago. The current trend has formed a cloud cover pattern, and the market will continue to retreat. It is now exactly 10:00 AM, and there is a slight rebound on the weekly chart; however, the overall trend is already established, and the weak market conditions are defined. Everyone should trade according to the trend.
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