ETH

Ethereum continues to rise without any signs of a pullback, and BTC is also gradually breaking new highs. Ethereum is already close to the 3000 mark, and the short-term divergence continues throughout the day. The current position is quite awkward, the gains are so fast that it's hard to keep track!

Chasing the long position is not cost-effective! Once there is a short-term pullback, it is likely to be quite sharp. Shorting is also an option, as the market has been steadily climbing and breaking new highs, which makes those outside the market feel quite passive.

Going long is definitely necessary. This time, for a solid long position, we need to wait for a decent adjustment on the 4-hour level before considering entering for a recent new high.

Short positions should try small shorts! Since we need to wait for a 4-hour pullback for the long, let's look for an opportunity to short a bit. If wrong, it must be done; this is unavoidable!

Today, we need to pay attention to the resistance at 3000~3060 for ETH.

Note: If the daily level shifts from bullish to bearish, we should still consider chasing a small short!

(Yesterday, we informed everyone to watch patiently; aggressive players have already taken small shorts.)

Let's wait patiently for a bit and see the situation before making a decision.

The information collected above or the opinions expressed are for reference only and do not constitute specific investment advice or operational guidance for anyone.

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