#市场反弹迹象
Based on the morning analysis, if Ethereum breaks 3510, you can go long, taking partial profits at 3531 and then setting a stop loss to protect your capital.
You can also place a short at 3531.5 with a stop loss at 3550 (very risky, it will hit soon), betting on a short, and exit quickly. Add to the short at 3551, with a stop loss at 3560. If it returns to the break-even point, it's best to exit, as shorting is risky and offers little profit potential.
Going long has more advantages; in fact, Ethereum has already surpassed the high point from the day before yesterday, with a possible rise to 3600.
In the morning, I mentioned that there are two possibilities: you can short Bitcoin and Ethereum simultaneously, or go long on Ethereum while shorting Bitcoin.
Currently, Ethereum's downside appears limited and rebounds quickly, suitable for very short-term trading; take profits and exit.
Bitcoin is suitable for shorting, and you can also take profits completely. After 8 PM, we'll see the situation to decide on entering long or short.
The altcoins represented by Ethereum are fluctuating at high levels during the night, waiting for an upward breakout. There are quite a few altcoins showing impressive gains.
(Is 3500 for Ethereum considered high? In the past, 3600 and 3700 were common resistance breakout points, and currently, other altcoins are also at relatively low positions below the peaks, which could be positions before a significant breakout.
Altcoins have just recently come up from the bottom, it was just last month. Currently, they are already at prices that have retraced to 60% of last month's prices, making it very worthwhile to buy if you're still holding cash.)
Altcoins are really suitable for chasing gains to enter; they are still at relatively low positions. Once they break out, they could rise rapidly.
Like $ZEN , which has been rising steadily without any pullback, the less people chase and hold it, the more it rises, making it good for manipulation.
In the past, many were trapped at 60, 80, 100; don’t think it’s still high now; in fact, there aren’t many people holding it above. Last year, Binance announced that $ZEN was on the delisting list, and the timeline was already set. The ZEN team reformed aspects of privacy, which allowed it to be removed from the observation zone. During this time, many may have sold at a loss, and very few hold the tokens now.
$ZEN could become a second Solana-like token favored by American capital, possibly reaching $100, as there is little selling pressure above. Last week, while Bitcoin fell, it still rose, making it worth buying a bit. If it drops to 20% below the new entry price, you can buy more to lower the average cost. I believe its future is unstoppable at 100.