Yesterday, Ethereum's white market showed a normal retracement trend. It retraced to the 3965 first-line support at midday and then rebounded. With the release of CPI data in the evening, the market experienced several large fluctuations, and fell again to around 3830 in the early morning. Rebounded, the market is currently oscillating around 3995.
Yesterday, Uncle Yang mentioned in the community the prediction that the white market market will be dominated by backlash, and gave a strategy of going long after backlash. Several upward pins in the evening allowed some investors to make profits, but unfortunately they did not catch the early morning drop and did not gain profits from this rebound. Today's Ethereum upgrade has caused the market to start to fluctuate greatly, which can be described as a strange wave of market conditions. In terms of operation, we must pay attention to controlling the position and leaving room to cover the position. If you miss the operation at night, be sure to set a stop profit and stop loss.
From the daily analysis, there was a large retracement of the market yesterday, but it did not fall below the low of the day before yesterday, showing signs of a reduction in the depth of the retracement. Although MACD shows shrinkage, other technical indicators are trending upward due to the morning rebound, and the overall market is still dominated by bulls. However, today's Ethereum upgrade may bring about a larger retracement, which needs to be confirmed by subsequent market changes. Good news may end up being bad. Investors need to pay attention to changes in this direction. Remember to go long after stepping back, and do not chase long. In addition, the halving of the pie in May is also an opportunity for the market to explode, which will be mainly positive.
Analyzing from the 4-hour line, yesterday's market encountered resistance and fell back when it broke through the Fibonacci retracement line of 1.382. It fell to 0.382 in the evening and then stopped the decline and rebounded. It has now rebounded to the false breakthrough position of 1.13. The technical aspect shows that the market has broken through the mid-rail suppression, all moving averages are showing an upward trend, technical indicators are upward, and the overall white market is mainly rebounding. At the top, focus on the suppression of the false breakthrough position of 1.13. If it breaks through, you may see resistance near the high point of 4098 above. Today is the day when Ethereum Cancun upgrades. In the white market, we will first look at the rebound. In the evening market, we need to observe the market trend. If it can break through the high point, a correction may occur. Investors can go long during the callback. If they choose to go short at the high point, , then be sure to set a stop loss.
Operational suggestions: real-time strategies are given.
Reminder: The strategy is for reference only. The operation needs to set stop loss and profit, profit stop and trailing stop in batches to protect profits while avoiding profit taking.
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