Ethereum 3280 becomes the life and death line! Can the bears crush everything? The latest market interpretation of the 7.11 coin circle academician brings a good stop loss and a Jedi counterattack!

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I have been waiting for the short position at 3130 for six days. As of 1 a.m. before the release of this article, the current price of Ethereum is 3120. The daily K-line has a high of around 3150 and a low of 3023. Since the daily K-line broke through the ascending triangle on the 4th, it has finally shown a trend of recovery. The signs of stepping back on the ascending triangle pressure level have appeared. Although the pressure level is around 3230, it does not affect our early layout at 3130. After all, the general trend is still short and has not reversed. The EMA trend indicator is still spreading downward. MACD has increased funds and reduced volume for three consecutive days. DIF and DEA have shrunk. KDJ has formed an upward golden cross, but the Bollinger Bands are still opening downward. The middle rail pressure level is 3280, and the lower rail support is around 2900. If the short-term stretch does not break the key pressure level of the trend, it is still short. The four-hour K-line is blocked by the downward trend line pressure level of 3150. The EMA trend indicator shrinks, and the MACD volume decreases to form a slow upward trend. Pay attention to the support point below 3065. Nearly, if it breaks, you can cover your short position. DIF and DEA form polarization, the market will consolidate around 3100, KDJ closes downward, the upper rail of the Bollinger band forms a pressure level of 3170, and the middle rail support focuses on 3030. There is strong pressure above. Currently, 3130 to 3150 is holding shorts, and 3240 to 3230 is defended to cover shorts, stop at 3280, and the target is 3000 to 2950. After breaking the previous low, 2750 to 2770 is deployed for long positions, and 2 650 to 2630 to buy more, stop loss at 2600, target at 3000

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