#ETH #kolunite

ETH. The altcoins are still weak, but BTC is rising again but will soon reach resistance at the previous high.

You can see the ETH pin (false breakout) at 0.618. I will continue to be bearish on altcoins for now.

Operation method

Operation on the left: Wait for the 0.618 position to be tested again. If you cannot stand firmly above it, you can go short. It is also the position of the previous high, and it also falsely breaks through the previous high.

Operation on the right: Wait for the position to fall below the trend line to go short. This is relatively safe, but it takes time~ The profit-loss ratio is also very good.

Is it possible to break through more than 0.618? In fact, I don’t recommend copycats. The rise of copycats is also driven by BTC. Currently, there is not much room for BTC to rise. Unless it breaks new highs in one fell swoop.