【Today’s Strategy-ETH】

Affected by yesterday's own incident, the mainstream currencies surged and plummeted, and the long orders that were placed were successfully cut off to take profits. The live broadcast and released videos are enough to prove that the idea is correct. It has to be said that after more than 2 months of silence, I finally got a stimulus. Since the market has soared After a sharp decline, how should we plan the market outlook is the issue we need to focus on now?

Although it is an own incident, I think it is not groundless. Do you still remember Ripple and Grayscale? One after the other, so this approval of ETF is definitely not the last one. Over-the-counter compliance funds are ready to enter the market. Of course, this time is no exception. Of course, as long as there is news in this regard, the market will rise or fall sharply, so This must be predicted in advance logically.

From a technical perspective, yesterday’s sharp rise followed a sharp fall, and there was still an obvious upward movement in the night session, indicating that funds are still willing to do long. In addition, the bottom rebound channel is good. Yesterday’s midday session broke through the upper edge of the rebound channel and stepped back twice. Along the part, it proves the effectiveness of the support of this trend line. As long as the short sellers do not effectively break through the lower edge of the channel, they will not go short. The dividing line between long and short is 1560. Since the rebound channel is good, just use the daily line level to determine the strategy.

Strategy:

Go long in the 1568-1575 range, target above 1600, and defend 1560

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