Because today's intraday market tends to oscillate within a box, the short-term analysis ideas in the early morning remain unchanged.
The overall technical changes of the daily and 12-hour lines are not too big, and the gap still exists (now it seems a bit like a shock instead of an increase), but the 4h line big cake and the second cake simultaneously appear/stand firm in the red TD9, so the day is basically still oscillating in the 3350-3300 area, which also shows that the carrying capacity of this area is still relatively strong. If this area is not broken in a short period of time, the technical repair and adjustment will be made according to the daytime analysis ideas. On the contrary, if only 3300 is effectively broken, then the 4-hour level TD will be lagged, and the subsequent trend will be extremely unilateral.
Currently, from the perspective of the larger trend, Bitcoin and Ethereum have formed a head and shoulders bottom structure. Short-term corrections are necessary for energy accumulation. My personal view is that Ethereum will touch around 3450 to accumulate chips, and after the correction, Ethereum will continue to significantly drop in volume (after the accumulation, the selling sentiment is expected to be strong, aiming to break below 3300, so please pay attention to the risks). The second low point's key support is still roughly around 3000 (this area is the demarcation line between bull and bear markets in a larger context).
As the year-end approaches, Ethereum is under pressure, and most of the market is experiencing fluctuations. Currently, a doubled fresh product is being targeted, with an expected increase of over 40%. Last week, the Zen given by Mengke has already achieved a 50% gain, perfectly escaping the peak. As the year ends, seize the last opportunity to make money!!!
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