Currently experiencing intense competition between bulls and bears, with increased trading volume. The MACD has a bullish crossover on the hourly chart. Both the one-hour and four-hour charts are situated between the middle and lower bands. If it stabilizes above 4350 on the hourly chart, a breakthrough above 4400 is expected. The hourly chart is continually repeating bearish engulfing patterns followed by weak rebounds. The liquidation intensity for a drop of 150 points and a rise of 150 points is almost equivalent, suggesting that this may be increasing liquidity from a competitive and psychological perspective. Therefore, aggressive traders should implement stop-loss and take-profit strategies, while conservative traders are advised not to take positions, as the return at this level is not favorable. Trading contracts is about psychology and strategy.
Currently experiencing intense competition between bulls and bears, with increased trading volume. The MACD has a bullish crossover on the hourly chart. Both the one-hour and four-hour charts are situated between the middle and lower bands. If it stabilizes above 4350 on the hourly chart, a breakthrough above 4400 is expected. The hourly chart is continually repeating bearish engulfing patterns followed by weak rebounds. The liquidation intensity for a drop of 150 points and a rise of 150 points is almost equivalent, suggesting that this may be increasing liquidity from a competitive and psychological perspective. Therefore, aggressive traders should implement stop-loss and take-profit strategies, while conservative traders are advised not to take positions, as the return at this level is not favorable. Trading contracts is about psychology and strategy.
Start effective rebound, go long on the short! By the way, I am a personal account, no group, no other communication platforms. I only share personal trading ideas in the square.
The short position was closed at 75% at 4293, keeping 25% to continue defending, maintaining a bearish outlook, but the support level has been adjusted. The last line of defense is now 4160, so aggressive longs can build the first batch of positions at 4180, with 4150 defending the second position, holding a maximum of 50%. A stop loss at 4100, and no take profit for now. If 4150 is broken, it may continue to drop to find support level.
Landon-Y
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The rebound is still too weak. From the data, some short positions have already taken profits, and the funding rate has surged within 30 minutes, with an increase in long positions. On the news front, ETH still faces unlocking, and at least the bears will not miss this opportunity to operate. I still insist on shorting, checking if effective support can be established near the 4200 level. For short-term trades, consider shorting near 4370 with a stop loss at 4410. Long positions are not currently being considered.
The rebound is still too weak. From the data, some short positions have already taken profits, and the funding rate has surged within 30 minutes, with an increase in long positions. On the news front, ETH still faces unlocking, and at least the bears will not miss this opportunity to operate. I still insist on shorting, checking if effective support can be established near the 4200 level. For short-term trades, consider shorting near 4370 with a stop loss at 4410. Long positions are not currently being considered.
In one hour, none of the three lines exceeded the resistance of 4490. To be safe, I closed my long position, but unexpectedly it broke through 4500. So I opened my first position at 4520 and added a second short position at 4555. If it continues to break through 4600, I will have to stop loss. Currently, it is consolidating around 4550. Since today is the weekend, I estimate it will fluctuate between 4560 and 4460 from tonight until around 8 PM tomorrow. Continuing to observe, the market is currently unclear. According to the data, there are 32 million short positions at 4580 and 42 million long positions near 4350 that will face liquidation. Therefore, I will first try a small position. $ETH
Multiple troops trampled, causing a continuous break below 4450 and the key position of 3390. Hold the long position opened at 4424 for another hour to see if the rebound is effective. If not, stop loss is necessary, with a profit retracement of 1/2. $ETH
Make a short buy, if the lower boundary is broken in an hour, try to see if there is a rebound. If it continues to drop and breaks below 4450, then stop loss and go short.
Brothers, looking at the situation, there may be a pullback. With the July data and the special talks, plus yesterday's net inflow into ETFs, it is possible to take advantage of the information to dip down. Once it breaks below 4450, it is very likely to trigger a long position stop-loss cascade down to 4200. Be prepared to go long around 4000.