ETH series has generally risen during the day. This rebound currently shows no obvious end signals, only a lack of volume support. The 4-hour level is currently near the upper edge of the previous high's narrow fluctuation range. Continue to test this position of 4000-4100. We need a few more 4-hour K-lines to observe the strength to confirm whether the rebound has ended or if we should wait for a volume breakout to rise. The small K-line patterns indicate a temporary resistance in bullish momentum; if the price can continuously digest the resistance above, it may welcome a short acceleration upward. Since the K-line has not closed yet, there is a spinning top cross at the hourly level, indicating a clear divergence between bulls and bears. If the closing at midnight is below 3900, this small rebound may end, leading to a 4-hour closing signal indicating a top, followed by a downward adjustment. The risk of long positions at this level is slightly high.
Several positions to pay attention to
Pay attention to support levels at the 1-hour level.
First position 3803
Second position 3749
Third position 3675-3654
Pay attention to pressure at the 1-hour level.
First position 3966 (Testing in progress, need to observe the strength of the K-line closing)
Second position 4023.
Third position 4088-4100
In trading, it is important to follow the trend, follow the big and counter the small. When the trend comes, take a good ride on the tailwind, be flexible to turn when the trend changes to counter-trend, and resisting the trend is like a mantis trying to stop a car, disrupting one's mindset and trading rhythm.
As the US stock market fluctuates at night, if there are large fluctuations, friends remember to take profits frequently when trading, decisively cut losses, holding positions has no meaning.
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