After ETH surged yesterday, the market began to cool down, with the lowest intraday price falling to around 3650, down nearly 200 points from the high of 3840. Although everyone is immersed in the bull market sentiment, the intraday long positions have exceeded 100 million. Many people chased the highs and unknowingly returned to zero. Isn’t it a bull market? Why can you still lose money? Because chasing ups and downs is the essence of losing money.

At present, Ethereum has fallen below 3700, indicating that the support and resistance swap of 3730 has failed. There is selling pressure in the short term, but the short term is not the focus of the game. If you are long, you must ensure that your position can hold until the ETF results are announced tomorrow. Use controllable positions and stop losses to exchange for a larger space. Tomorrow's market fluctuations may be greater. The market has not reached a consensus on the passage of the ETF. If it passes, it will hit 4000 points. If it is rejected, there will be more room for decline, and it may fall directly back to around 3000 points. Pay attention to risk control.

In terms of exchange rate, with the retracement of Ethereum today, it fell to around 0.053. The overall exchange rate is still not high. If the ETF can pass in the future, we expect the exchange rate to be around 0.06 next. Of course, if it cannot pass, it will return to below 0.05. Everything has to wait for tomorrow's announcement to determine the trend. The impact of the news is too great and directly dominates the direction of the market.

In terms of operation, you can gamble on ETF Through, open a long order, pay attention to position control, make sure you can hold on until the ETF results are announced, and set a stop loss below. The profit and loss is relatively high, and limited losses are exchanged for unlimited space