December 14th: The counter-draw begins; depending on the specifics, the performance is strong today!
ETH/day chart: Ethereum’s specific trend performance yesterday. The price daily level has been tested three times and important horizontal support.
After supporting 2140-2120 and the rising trend line, it finally received support and chose to go up; this is consistent with the overnight Fed meeting.
The minutes of the meeting and Powell’s press conference news combined with related results; judging from the technical trend, it will reach around 2400
The retracement of 2120 has been supported in the short term and will continue to fall back to the previous high; the daily K performance in the past three days can be regarded as an upward trend.
The morning star bullish combination after the retracement stops falling; you need to observe today's trend chart for the strength of the counterattack.
It is now strong in the short term; if it cannot break through the previous high or there is a second high, you can start planning the daily level.
Expectation of a potential second peak; this needs to be determined by finishing today! Try to keep it as low as possible for short-term operations within the day
The specific plan of ideas is as follows...
ETH4/1 hour: The hourly price trend has broken through the downward pressure line overnight today at 2220-2240
It is an important short-term support; above it is for bulls to wait as much as possible for adjustments to fully find the 15-30-60 minute level.
The rising combination intervenes in the long position; the defense is placed below 2220; the target is 2320-2340; the second high of the daily level
Or after the sub-high is formed; then plan to seize the day's top opportunity; short sellers will wait and see today!
Recommended ideas [high shock; bearish bias]
Support 2120-2150/Resistance 2300-2320