1.8 Ethereum Market Analysis
Yesterday the market suffered a large correction, with the maximum decline of more than 340 points at one time, and the bearish sentiment intensified.
According to the technical side, a strong negative line appeared on the daily chart, and the overall trend was bearish. At the four-hour level, the Bollinger Bands opened wider, the price was close to the lower track, the MACD double lines crossed downward, and the short energy column increased in volume. In the short term, the bears dominated.
At the one-hour level, the Bollinger Bands continued to open, the price ran below the middle track, the MACD double lines crossed downward, and the short energy column shrank, but there was still no obvious sign of reversal.
Operation suggestions:
When the white market corrected today, you can try to buy more at a low level, but you need to closely monitor the rebound strength. If the rebound is weak, combine the short position layout for high-altitude operations.
The market fluctuates greatly, so stay flexible and do not blindly chase orders. When operating, adjust the strategy according to the real-time market.
The market changes rapidly, stay calm and operate rationally. I wish everyone can seize opportunities accurately and make steady profits!
