Let's analyze the four-hour short-term market of Ethereum.

1. ETH broke through the four-hour bottom shock with large volume and entered an upward trend.

2. The breakthrough formed a rectangular pattern, which is a continuous pattern.

3. The short-selling volume in the rectangle is shrinking, indicating that the power of the short-selling is weakening.

4. The four-hour short-term broke through the middle track of BOLL.

From the above clues, it can be seen that ETH is currently in an upward trend, and the power of the bulls is stronger than the bears. There is a high probability that there will be a wave of rise in the future.

At present, the price has come to the lower line of the rectangle. This position is a good short-term entry point. It is very close to the white oblique support level below, and the stop loss is also easier to set.

The quarterly delivery has ended. I also talked about it yesterday. The quarterly delivery market has occurred in advance, and the possibility of further decline is very small.

Some people are saying that the possibility of interest rate cuts in September this year is very small. If there is no interest rate cut, the bull market will not start. My concept is different from theirs. Whether the interest rate is cut this year or not, it will not affect the bull market, let alone turn the bull market into a bear market.

Ethereum ETF has been approved. Once S1 is approved, the official trading of Ethereum ETF will begin. This is basically a brand. This will bring a huge amount of traditional financial funds to the entire currency circle, and interest rate cuts are basically inevitable.

So whether the interest rate is cut in September or not will not have a big impact. As the saying goes, no matter how bad the weather is in summer, it is still summer, and it will not turn back to spring because of bad weather.

The four-hour market changes very quickly. Short-term profits should be stopped when they are good. You can't let yourself be trapped because of greed. Short-term profits require capital utilization, so you must be willing to stop profits and dare to stop losses, otherwise the meaning of short-term trading will be lost.

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