"Market conditions are changing rapidly, the key lies in how we grasp them"
Good afternoon everyone, I am Cat God
After several weeks of sideways fluctuations, the two currencies finally opened up yesterday. Ethereum continued to fall and hit 1500. It rebounded at 1600 and is currently running around 1670. From the hourly chart, shorts dominate and MACD has not yet reached the 0 axis. Various indicator parameters have not stabilized. The 4-hour chart cannot be used as an effective reference. There is no obvious stop-loss signal for the price of the currency. The upper pressure is too heavy, and the short-term market rebound sentiment is not high. At present, we are still mainly short. Pay attention to the upper pressure of 1700 and the lower support of 1600.
Operation suggestion: short around 1670-1680, stop loss 30 points, target 1650-1600
