There are many bearish people recently, especially after this wave of rebound, they all think that the rebound has ended and a long decline is about to begin. My view is the opposite of theirs.

Today, let's analyze the four-hour short-term market of Ethereum.

1. After the decline on August 5, Ethereum began to rebound and formed a double bottom.

2. After breaking through the double bottom neckline, it entered a new round of rising market, and then it has been oscillating. Several callbacks below the white line support level have not effectively broken, which shows that the support near 2550 below is relatively strong.

3. At 8 o'clock last night, it stepped back on the support level again. The next four-hour K-line showed a bullish engulfing pattern. This pattern belongs to the reversal pattern, and the bulls began to increase the volume.

4. Today's callback has a serious short-selling volume. The short-selling volume is shrinking near the support level, and the long-selling volume is increasing.

5. The overall four-hour market trend is rising at low points, but the high points are also falling. This is a prelude to a change.

6. The current market is between the middle and lower tracks of BOLL.

Through the above 6 clues, we can analyze that there are 5 signs of strong bulls and only 1 sign of strong bears. Based on these evidences, we can judge that Ethereum will usher in a wave of rise in the short term.

So this position is an entry point for Ethereum's short-term, and the stop loss is placed slightly below the support level.

Whether the market is rising or falling can be judged by analyzing the strength of the long and short positions on the market. Market analysis is not a prediction of the market. It is difficult to be 100% correct in trading, especially short-term trading. If you can be correct more than 7 times out of 10, it is considered a very successful transaction.

The conclusion of judging the rise and fall of the market needs to be based on support. The more sufficient the basis, the higher the accuracy. #美联储何时降息？ #TON #美国CPI数据连续第4个月回落