#市场反弹迹象
According to the morning's analysis, Ethereum has broken through 3510, you can chase long positions, take partial profits at 3531, then set a stop loss to break even.
You can also place a short at 3531.5, with a stop loss at 3550 (very risky, it's approaching quickly), betting on a short, and exit quickly on a short-term basis. Add to the short at 3551, with a stop loss at 3560. If it returns to break-even, you should exit; shorting is quite risky with little profit potential.
Chasing long positions has more advantages. To the same extent, Ethereum has already surpassed the high from the day before yesterday, and there is potential to reach 3600.
This morning, I mentioned there are two possibilities: you can simultaneously short Bitcoin and Ethereum, or you can go long on Ethereum while shorting Bitcoin.
Currently, it looks like Ethereum's downside is very limited and short-lived, bouncing back quickly, suitable for ultra-short-term trading; take profits and exit.
Bitcoin is suitable for shorting; taking some profits can also lead to a complete exit. After 8 PM, assess the situation to enter long or short positions.
The altcoins represented by Ethereum are oscillating at high positions during the night, waiting for an upward breakout. There are quite a few altcoins with impressive gains.
(Is 3500 high for Ethereum? In the past, 3600 and 3700 were its common pressure breakout levels. Currently, other altcoins are also at relatively low positions below the hills, potentially before a big explosion,
The altcoins have just come out from the bottom not long ago, just from last month. Currently, they are already at prices that are 60% of last month’s price after a pullback, making them very worthwhile for those still holding cash to buy.)
Altcoins are indeed suitable for chasing gains, still at relatively low levels. Once there is a breakout, it can surge quickly,
For example, $ZEN keeps rising without any pullbacks; the less attention it gets, the more it rises, making it easy to pump,
How many people got stuck at 60, 80, or 100? Don’t think it’s still high; actually, there aren’t many holding it above. Last year, Binance already announced that $ZEN was on the delisting list, with the timeline arranged; the ZEN team reformed its privacy aspects to exit the observation zone. During this period, many people likely cut losses and cleared their positions, leaving very few holding chips.
$ZEN could become the second Solana favored by US capital, possibly reaching $100, as there isn’t much selling pressure above. Last week, while Bitcoin dropped hard, it was still rising, and it's worth buying a bit. If it drops to 20% below the new entry price, you can buy a portion to lower the average cost. I believe its future will definitely reach 100.