11.24 Ethereum Downtrend Alert
The hourly K-line chart below shows a "double bottom support pattern that entices long entries". Therefore, there is a high probability that it will at most rebound to the pressure zone marked by the red straight line above at around 3370-3400.
Although we are holding a short position near 3490, we still anticipate its rebound; only a rebound can allow high-leverage shorts that chased it down to exit, leading to a better downtrend.
Do not go long, and do not bottom fish any altcoins; the correction of Bitcoin is imminent, and the fluctuations are merely to entice longs.
Those who have not yet shorted Bitcoin or Ethereum need to do so quickly; those who have not sold their spot positions are advised to sell as soon as possible.
Trend target position 1500, swing target positions 3220/2880
｜Click the shortcut below to enter contract trading｜