Daily market analysis——$ETH

In the past few days, my daily market analysis tweets have only emphasized one thing——"3660 area is the dividing line between long and short positions. If it does not fall below 3660 area, hold it. If it falls below, long positions will be urgently hedged, and there will be a waterfall market."

Yesterday, the price officially fell below 3660 area, and I subsequently gave two TPs of 3530-3410. This morning, the lowest reached 3427.

Previously, there were three rebounds at 3711 that showed signs of weakness that could not break through. Oh, I won’t talk about this.

At present, my idea is to spend time and patiently wait for a bottom reversal structure to emerge, such as a double bottom, and then consider entering the market with a large position. Now I can only enter the market with a light position in batches in the support area. This is a left-side entry method, which requires the risk of further decline.

The subsequent decline target will be given after the price breaks through the previous low.