ETH deviation is relatively large, the K-line shows a curved downward trend, this trend is conducive to accelerating the adjustment of long and short positions, indicating that the local bulls are defending and counterattacking in a small range, and the market can still experience local fluctuations and break upward.
Subsequently, a market order was placed in the range of 3353~3272, with a market low of 3270. It has now reached the previously set target above 3485, and short-term attention should be paid to taking profits, as the market is still ongoing.
From the daily chart perspective, this is a second pullback (entity) of the price to the neckline of the previous M-top, and there is still some expected space above, but it should be noted that this is still within the pullback range and not a trending opportunity.
From the 1H to 4H range, the price has deviated from the bottom trend, the short and medium-term resistance and support have completed the transformation, and the subsequent low pullback is a trend-following trade; however, the upper pattern resistance and long-term resistance are still present, so do not chase abruptly during the rise. Wait for a breakthrough and then enter after forming new support.
Short-term resistance at 3575~3611, second resistance at 3680~3711 (after probing this area, a pullback to short-term resistance can be entered, with a stop loss at 3548), short-term support at 3437~3380 (monitor for action), second support at 3188~3075 (optional) #比特币市场波动观察 #币安LaunchpoolBIO #BinanceLabs投资Usual #加密市场反弹 #灰度提交Horizen信托文件