ETHReview our Ethereum strategy yesterday. When it stabilized at 3000, we still went long. The highest intraday price reached 3168, with a profit of more than 100 points. In the short term, we have already gained a large profit. It has now fallen back to above 3100. The overall trend of Ethereum is weaker than that of Bitcoin. It is not suitable to chase the rise and sell the fall.

ETH reached a low of 2958 during the day. Looking back at our short-term strategy yesterday, as long as it can stabilize at 2950, ​​we will go long. Today, Bitcoin rebounded sharply, reaching a high of 3058 in the short term, with a profit of more than 100 points! !

The market has continued to fall recently, and many people began to panic. When it fell, they saw Bitcoin at 40,000, and when it rose, they saw 10w. There was no logic of their own. Recently, our operation ideas are mainly stabilization. Low-absorption during the decline needs to pay attention to whether the low point is confirmed, otherwise the risk of continuous decline and bottom-fishing is unbearable.

At night, risk assets began to rise sharply. The main reason is that the US non-farm data is significantly positive and the unemployment rate has risen. There is room for speculation on interest rate cuts in the future. The sooner the interest rate cuts, the faster the bull market will come. If the big cake can stabilize at 6w, we believe that this wave of smashing corrections is over.

In terms of exchange rate, it fell by more than 1% today. The market chose the big cake again. When the big cake is unstable, the main force dare not rashly pull up the cottage. In the future, we will pay attention to the opportunities for Ethereum and the cottage to make up for the rise. The exchange rate is expected to continue to strengthen.

In terms of points, pay attention to whether 3000 can stabilize, and pay attention to 3200 for further resistance.

In terms of operation, if it does not effectively fall below 3000, long orders continue to hold. If there is no layout, you can layout long orders and pay attention to the opportunity of rebound.