ETH
Now everyone has left fewer and fewer bottom positions. Yesterday, Ethereum reached 3700, and most people took profits and exited most of their positions, only leaving the bottom position. Remember one thing: never think about taking profits at the highest point, only at the pullback points. Those who can buy are apprentices, while those who can sell are masters. As long as the neck line is not broken, you can hold; if it breaks, you can take profits, especially those who entered above 3000 and 3300 and haven't exited yet. Focus on the support at 3630 and 3530.
The daily K-line reached a maximum of 3760 and a minimum of 3650. The EMA15 trend fast line support stretch has not yet ended, currently at 3430. It is expected to impact and reach the support near 3600. Although the trend indicator's net expansion has ended, the bullish trend has not. The long-short indicators are gradually widening, indicating that the space for movement is increasing. The main force is likely to clear positions back and forth. The MACD is rising with volume, and the Bollinger Bands are expanding, with the K-line moving around the upper track of 3758.
In the four-hour K-line, you can clearly feel the trend brought by the sector rotation, achieving four consecutive jumps, with ascending flag patterns appearing four times in a row. Currently, the K-line is hovering around 3700, but this position is not suitable for entering. The EMA15 support is not strong. Focus on the EMA30 support point at 3610; after it breaks, look for a position to go long. The MACD top divergence continues, starting to decrease in volume. The DIF and DEA high-level expansion remains unchanged, and the KDJ is expanding downwards. At this position, the risks of both long and short positions are greater than the rewards. Those who have not entered should wait for a deeper pullback before entering. Be primarily bullish, and those who are aggressive in going short should also remember to manage their stop-loss effectively and prioritize survival.
Short-term reference: Safety first. Remember that there are no certainties in the market, so always set good stop-losses. Safety first; small losses with big profits are the goal.
