Morning Strategy

Yesterday afternoon, I followed the major player and made a long position in Ethereum from 3380 to 3444, but didn’t make much profit. As expected, the weekend is about to come, and the probability of a pullback on Friday is relatively high.

News: The US stock market suddenly experienced a severe sell-off, with all three major indices falling sharply overnight.

The US Treasury and the IRS have finalized tax reporting requirements for specific cryptocurrency brokers.

A total of about 1790 ETH flowed into the Grayscale Ethereum Trust fund this morning.

Two bearish news and one bullish news.

Technical trend: Bitcoin's daily K-line KDJ shows an upward turning trend, but MACD has not yet shown signs of turning.

In the four-hour trend, KDJ has formed a crossover and is choosing a direction, while MACD has not stabilized yet. At this time, we need to look at the one-hour trend. If there is no increase in volume, there may still be a pullback.

Be careful

Ethereum's trend is similar to Bitcoin's

For Bitcoin, the upper level is seen at 94700--95500 and the lower level at 90000

For Ethereum, the upper level is seen at 3400 and the lower level at 3100