The daily line is a small negative line similar to a cross star shape with a long lower shadow and short upper shadow. The trading volume is basically the same as the previous day, with a fluctuating downward trend.
The daily MA30 line maintains an upward trend, and the MACD shows a weakening trend at far points above the zero axis. If today closes with a negative line, the MACD fast and slow lines will show a death cross trend, and the price will further fall, but there will be no sharp drop, and it will all be normal adjustments.
The trend at the daily level remains relatively strong. The long lower shadow shows that the air force's counterattack is very strong and the bulls are also trying hard to resist. The ups and downs at the hourly level are actually aimed at killing the contract and washing the leverage.
We have always said that adjustments at the daily and hourly levels will not affect the rise at the weekly and monthly levels.
Every decline and pullback is an opportunity to get on board. When Ethereum becomes stronger and leads the altcoin to rise, there will be a good rebound after a rapid decline.
Daily level pressure level 3890-4010-4100, support level 3560-3420-3350-3230-3070
From the hourly level, the current trend is a 5-minute pullback within the 6-hour return to zero axis rebound within the 6-8 hour common rebound.
In the short term, you can go long at 3610 and short at 3680.
From the three-day liquidation heat map
The price is going up, and there are a lot of large and super large short orders waiting to be liquidated in the 3648-3864 area.
The price is going down, and there are a lot of large long orders waiting to be liquidated in the 3500-3448 area.
