Crypto Circle Academician: After the long liquidation of Ethereum at 12.3, will the bearish trend intensify? What will you do with the double bearish engulfing?

　　The current price of Ethereum is 3625, and it is currently 3 AM Beijing time. Let's review, the daily K-line of Ethereum has once again broken the previous high, but it also fell below the neckline at 3690. In the end, long positions were liquidated at the neckline, and we did not chase the short, but entered long at 3560 with a stop-loss at 3530, placing a stop-loss below 3500. Whether it can hold is not the priority, we first get in; if wrong, we will exit with a small loss; if right, congratulations to everyone.

　　Looking at the current market, the daily K-line reached a high of 3765, breaking the previous high again, then the main force took profits and liquidated the long positions, with a low of 3555. We placed our order at 3560; otherwise, we really wouldn’t have gotten in. We cannot have a lucky mentality, as further liquidation cannot be ruled out. Therefore, we must ensure we have a stop-loss in place, not considering profit for now, but just surviving. The EMA15 trend support is at 3450, the larger neckline is at 3300. The MACD top divergence has lasted a long time, and it has been increasing in volume; DIF and DEA are also spreading high. Although we have already come down by two hundred points, we are still at a high level. The fast line has not broken the upper Bollinger band at 3790, and the middle track support is at 3350.

　　On the four-hour K-line, there is a double bearish engulfing indicator, continuously piercing the EMA30 trend line at 3615. The next level of support is at EMA60 at 3524. The bearish trend is indeed strong, but the larger-scale long positions have not yet broken. The MACD is shrinking downwards, and DIF and DEA are approaching the 0 axis. Coupled with the K-line continuously probing the lower Bollinger band support at 3570, our entry point is set at 3560, 10 points below the lower band. The stop-loss will not be placed too far; if wrong, we will exit with a small loss. We are focusing on the next key support around 3300, temporarily holding, with the strategy of buying the dip unchanged and exercising caution when shorting at high levels.

　　Short-term reference:

　　Short from 3700 to 3750, with a stop-loss at 3800 and 50 points of stop-loss, targeting 3600 to 3550; if broken, look at 3500.

　　Long from 3500 to 3530, with a stop-loss of 50 points, targeting 3600 to 3650; if broken, look at 3700.

　　Currently, manage the defensive and stop-loss points for the position at 3560; safety first, and pay attention to whether the previous high can be broken to decide on liquidation.

Wishing my fans financial freedom in 2024, let's work hard together! $ETH #以太坊行情分析 #ETH行情分析