Yesterday, both long and short positions were profitable at several points.
Currently, Ethereum is at the 1-4 hour level, focusing on two key price points: 1611 and 1593. If ETH rebounds during the early morning but cannot effectively stabilize above 1593 and 1611, the trend is likely to continue upward, with the bulls in control; if it cannot stabilize at 1593 after a pullback, then primarily consider a bearish pullback.
I adhere to a high-leverage short-term trading style, strictly following stop-loss principles, not holding positions, and not blindly chasing after rising prices, employing a conservative strategy; however, long-term investors should be cautious in their reference.
Specific operational suggestions
Short opportunity
1. Currently, there is pressure at the resistance level of 1648 - 1655, so short opportunities can be focused on here. At the same time, the pressure level on the 1-hour chart is at 1635. If the price cannot stabilize here, one can set a stop-loss and enter short positions.
2. When the price is at 1601 - 1602, it is also necessary to pay attention. If it cannot stabilize, try a light short position, but profit targets should not be too high; take profit when possible.
3. Subsequent attention can be paid to the resistance level around 1715 - 1725. If the price cannot effectively break through and stabilize at this position, one can enter short positions with a stop-loss, ensuring proper risk control.
4. The subsequent short opportunity is around 1775 - 1785. When operating, be sure not to hold positions; decisively cut losses when the stop-loss level is reached. If the price breaks through and stabilizes in that area, abandon this short operation and do not be overly greedy for profits.
Long opportunity
1. Short-term long positions need to pay close attention to the support around 1540 - 1550. If the price stabilizes here without breaking, short long operations can be conducted; if it breaks, continue to wait for more suitable opportunities below.
2. When the price pulls back to around 1520 - 1525 without breaking, one can also try a short long.
3. Subsequent long position layout can focus on support levels around 1495 - 1505, looking for suitable entry timing. In addition, 1430 - 1440 is an important support area, providing significant reference for the overall market trend.
From a daily perspective, pay attention to the two key points at 1722 and 1666. If the price can effectively stabilize, long positions can set a trailing stop-loss to continue betting on further gains; conversely, if it cannot stabilize, be wary of the risk of a market pullback.
Please be sure to strictly follow the above strategies for execution. When the market has no suitable opportunities or your grasp is insufficient, avoid forcing trades; maintaining a wait-and-see approach is also a wise choice.
