The strategy we gave was to stand firm at 3000 points and enter the market with the trend. Today, Ethereum started an independent market, rebounding from the lowest 2980 in the early morning, and the highest reached around 3280.
The rebound reached 10%. After the long positions in the market were liquidated, the difficulty of pulling the market was reduced. In the current market, Ethereum's wash was more thorough. Most funds in the counter-trend market chose to buy Bitcoin for risk hedging. The main force of Ethereum only needed less funds than Bitcoin to complete the pull-up. At present, all the losses of Ethereum over the weekend were recovered.
From the perspective of the impact of weekend geopolitics, the assets of the currency circle have almost no risk-averse properties. Even Bitcoin, the only safe-haven asset in terms of consensus is gold. The currency circle as a whole is still a speculative market. At the same time, it is manipulated by the main force, and the uncertainty is extremely high. We also repeatedly remind that the cottage layout can be spot. In this round of market, even if the cottage currency is 2X leverage, it will be easily harvested. It is more important to live long in this market than to make money quickly.
In terms of exchange rate, with the main force making the market today, leading Bitcoin by 3%, the exchange rate rebounded to 0.049, but it is not recommended to chase high easily. The current market volatility is still huge. Any disturbance will lead to a sharp drop. In the medium and long term, there is still a lot of room for Ethereum. Spot can be continuously deployed in batches. Wait until the exchange rate stabilizes at 0.05 before considering entering the market. At the current point, the short-term focus below is 3200 3100. The short-term resistance above continues to focus on 3300 3400. In terms of operation, pay attention to whether 3200 can form a 4-hour level of shock. If it can oscillate above 3200, you can try to enter the market. Pay attention to 3250-3280 for low-absorption below, and risk control below 3200.
