Figure 1: 4h Bottom Divergence of ETHBTC
Figure 2: Daily K Bottom Divergence of ETHBTC
Figure 3: ETHUSDT has a chance of a rebound, with the first target around 2800, and a hopeful 3000 around November.
Figure 4: Currently, the 1-hour chart shows a structure similar to a diamond bottom, which is likely to become a continuation of the upward trend. In terms of operations, besides long contracts, one can also consider configuring a daily call option expiring tomorrow or on the 1st, betting on a recovery to above the previous high of 2770 in the next couple of days.
Bottom Divergence: Usually observed using RSI or MACD, I prefer to look at both together. As illustrated in the figure, when the price makes a new low but the indicators do not, it is called bottom divergence. Bottom divergence is usually accompanied by a market reversal.