$ETH

　Ethereum current price 3625, it's ten o'clock in the morning, let's review, the daily K-line of Ethereum has once again broken the previous high, but has also fallen below the neckline at 3690, in the end, the long position was closed at the neckline, without chasing the short, but last night at 3560 the bulls got in, with a stop-loss at 3530, and a stop-loss set below 3500. Whether it can hold is not the main concern, let's get in first, if wrong, exit with a small loss, if right, congratulations to everyone.

　　Now let's look at the current market, the daily K-line peaked at 3765, breaking the previous high again, then the main force took profits and cleared the long positions, the lowest went down to 3555. We placed our order at 3560, otherwise, we would not have been able to enter. We must not be overly optimistic and do not rule out the possibility of further liquidation, so we must have proper stop-losses, not considering profits for now, just focus on surviving. The EMA15 trend fast line support is at 3450, the major neckline level is at 3300, the MACD top divergence has been around for a long time, and it has been increasing in volume. The DIF and DEA are also at a high level and not declining. Currently, even though it has come down by two hundred points, it is still at a high position. The fast line has not broken the upper Bollinger Band at 3790, and the middle track support is at 3350.

　　On the four-hour K-line, there is a double bearish engulfing signal, continuously piercing the EMA30 trend line at 3615. The next level of support is at EMA60 at 3524. The bearish trend is indeed strong, but the major bullish trend has not been broken. The MACD is decreasing in volume, and the DIF and DEA have come close to the 0 axis. Coupled with the K-line continuously testing the bottom of the Bollinger Band lower track support at 3570, our entry point is set at 3560, ten points below the lower track, and the stop-loss will not be placed too far. If wrong, exit with a small loss, focusing on the next key support around 3300, temporarily holding, with the strategy of buying at the bottom unchanged, and cautious operation for shorting at high positions.

　　Short-term reference:

　　Sell at the upper range of 3700 to 3750, with a stop at 3800, stop-loss at 50 points, target looking at 3600 to 3550, break point looking at 3500.

　　Buy at the lower range of 3500 to 3530, stop-loss at 50 points, target looking at 3600 to 3650, break point looking at 3700.

　　Currently, keep a good defensive point and stop-loss point at 3560, safety first, pay attention to whether the previous high can be broken to decide whether to close the position.