Crypto Circle Scholar: How to seize short-term opportunities in Ethereum on 11.24 amidst a volatile market? Are the pullbacks in a bullish trend just traps?

　　The current price of Ethereum is 3410, and it is now 4 AM Beijing time. I am holding short positions in the range of 3450 to 3500, for details you can refer to yesterday's article. The second coin will not continuously rise as everyone wishes; there has already been one significant rise this year, and it is unlikely to happen again within the year, so it is essential to be rational and follow the trend, avoiding chasing highs and panic selling. The first support point below is 3400, which is unlikely to hold, so we will continue to look down at the strength of support at 3350 to 3300 before deciding whether to take profits on short positions.

　　Currently, the daily K-line continues to show a double top pattern, with a maximum reaching the 3500 mark and a minimum before publication still at 3315, which is a large span indicative of a one-sided upward trend. The EMA trend indicator is still expanding upward and has not yet ended, entering the final sprint phase. Watch whether the EMA15 fast line breaks 3200 after the alternating end. The MACD shows significant top divergence with increased holdings appearing as the main force begins to accumulate the second coin. After the Bollinger Bands open, the upper pressure comes to 3610, while the middle support remains at 3070. The KDJ upward expansion has not yet gained momentum, therefore, the thought process is that short positions cannot be held for too long. After a pullback breaks below 3400, it is worth considering taking long positions.

　　The four-hour K-line has pulled back after a rise; pay attention to the EMA15 trend support point at 3335. The MACD top divergence continues upward, and the DIF and DEA high-level expansion trend remains unchanged. The Bollinger Bands are still stretching upwards; the upper line has broken 3525, while the focus is on 3290. The entry and defense points for long positions have been identified, and now we only need to leave it to time and wait. Only by enduring solitude can one maintain prosperity. The higher-level bullish trend has already opened, and the strategy should focus on long positions after a pullback, with shorts as a supplement, especially when shorting, be sure to choose a position with a small stop-loss point; if wrong, exit with a small loss, and if right, hold on.

　　Short-term reference:

　　Buy from 3330 to 3350, defense at 3270, stop-loss 50 points, target at 3400 to 3450, and if broken, look at 3500 to 3550.

　　Sell from 3550 to 3600, defense at 3650, stop-loss 50 points, target at 3500 to 3450, and if broken, look at 3400.

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