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ETH Early Morning Analysis: Looking back at yesterday, the market was oscillating in a narrow range throughout the afternoon. The strategy given was to go long at 4444, and I believe many people followed it. In the evening, I mentioned to go long around 4400, and to chase at 4450. Around 8:30, there was a strong surge of 100 points. I don’t know how many people caught that rise, but my fans definitely did. Now we can analyze the early morning market; it is currently consolidating around 4516-4550. Aggressive traders can go long in the range of 4475-4515, while the shorting area is around 4670-4690. There is a high probability of a surge from early morning to morning, followed by a pullback. You can wait for a long in this range. If it breaks below 4442, you can chase a long position. Check the area below for long positions! You can also wait to go long around 4220-4280.
Overall Trend: The current market is in a downward trend along the descending channel, currently oscillating and consolidating in the range of 4332 - 4444. It remains to be seen whether this is a continuation or reversal signal in the downward trend, requiring further observation of the breakout situation. Support and resistance: The lower edge of the range at 4332 is short-term support, while the upper edge at 4444 is short-term resistance; important resistance levels above are 4525 and 4684, while potential support below is at 4232. If the upper edge of the 4444 range is broken upwards, it is expected to end the downward trend and rebound; if it falls below the lower edge of 4332, the existing downward trend is likely to continue. In the short term, positioning can be around 4444-4332, with high confidence at low points!
In the early morning, it was said that a breakout below the box can be chased. I don't know if anyone followed! Isn't it nice to follow this wave and earn 70 points?
政哥短波ETH
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In the early hours, it is highly likely to fluctuate in this range! Both bulls and bears are accumulating positions in confrontation! Just focus on the high points and low points! If it stabilizes above 4690, watch for a rise, and look for 4780; if it breaks below, directly watch for 4250.
In the early hours, it is highly likely to fluctuate in this range! Both bulls and bears are accumulating positions in confrontation! Just focus on the high points and low points! If it stabilizes above 4690, watch for a rise, and look for 4780; if it breaks below, directly watch for 4250.
Last night said that if it couldn't break 5000, there would be a pullback between 6-8 o'clock! It can be done! Didn't expect that just half an hour after posting, it directly plummeted by 200 points!