Currently has successfully broken through the bottoming center
The first target is 0.05050
Go!
Mingming1
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Bullish
ETH/BTC exchange rate short-term, medium-term and long-term views 1. Recently, there have been news that the Ethereum ETF in May will be blocked, but this is not a bad thing 2. Current short-term: According to the perspective of the entanglement theory, the 4h level is still one step away from leaving, and it is still recommended to do more at the lower edge of the center 3. Current medium-term: The exchange rate has a probability of bottoming out in the daily structure. If the bottoming is successful here, the exchange rate has a probability of ushering in a daily level rise, followed by a small climax of the cottage 4. In the long run, the fundamentals are still not optimistic about Ethereum. Ethereum is a pure guy who eats leftovers. Only when there is surplus liquidity will part of it flow to Ethereum. Our previous analysis also mentioned that the long-term is extremely pessimistic about Ethereum. It is basically impossible for the exchange rate to return to the previous high
To sum up, the current operation suggestion is to build a long position in the exchange rate at a low point on the lower edge of the 4h center, and reduce positions at highs. It is not recommended to go short, and it will break through at any time
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