ETH
Ethereum's market has experienced severe fluctuations. After the daily K-line broke through the previous high to 3765, the main bullish positions were liquidated, causing a sharp price drop to a low of 3555. Given the uncertainty in the market, setting stop-loss is crucial, and risk control should be prioritized. The EMA12 trend fast line support is at 3523. Despite the long-term MACD showing a top divergence, it is still moving upward with volume. The DIF and DEA are hovering at high levels; although they have retracted by two hundred points, they remain overall high. The upper Bollinger Band at 3828 is a significant resistance, while the middle band at 3364 provides potential support. The subsequent trend remains to be further observed.
The four-hour K-line for Ethereum reached a high of 3654, signaling a strong bearish indication. It has continuously broken through the EMA26 trend line at 3633, with the next key defense being the EMA60 support at 3524, clearly indicating a bearish trend. However, from a larger perspective, the bullish pattern has not yet been broken. In terms of technical indicators, the MACD shows a downward trend with decreasing volume, and the DIF and DEA are gradually approaching the 0 axis, while the K-line continues to test the lower Bollinger Band support at 3590. To control risk, the stop-loss level is set close; if the trend does not meet expectations, exit with a small loss in a timely manner. Focus is on the next key support near the 3250 area. The current strategy is to hold temporarily, maintaining an overall approach of buying on dips while being extremely cautious about shorting at high levels to avoid misjudging the market trend and incurring losses.
Key points for short-term trading strategy: The market is unpredictable, and there is no absolute certainty; therefore, it is essential to set stop-loss levels, prioritizing the safety of funds. The core pursuit and goal of short-term trading is to exchange a small stop-loss cost for significant profit opportunities.
