2024.9.18 Today's market analysis: ##btc ##eth
The Fed will make an interest rate decision at 2 a.m. tonight. The market expects a rate cut. How much impact will this have on the market? But now, before the key news comes out, the market has already pulled up? Is this a pull-up to sell? Or is it an early entry?
From the daily line, the K-line combination in the yellow box is quite interesting. It is a strong structure of the bulls. The only shortcoming is that the closing line is not above the first big positive closing line, and there is no complete engulfment. However, the strength is also very good. This pattern continues to be bullish. In addition, it is currently suppressed near 0.618, and there is also suppression of the downward trend line. This is very critical, and there is key news. Tonight should be very exciting.
In 1 hour, the strong support below is in the 58900-59400 area. This is the gap of the previous gate, which has become the long-short conversion position. In addition, the current big positive line in 1 hour has the need to fill the gap. If it falls back and holds, you can consider entering the long position. The upper side considers the pressure performance near 62000, which is also the previous shock range. The first time it is under pressure, you can consider short positions.
ETH is relatively clear. Near 2307 has always been a key pressure support area. After the market stabilized after stepping back to 0.618, it turned upward. Here, it comes to 2307 again to test the support. If it holds here, you can directly consider long positions, and the upper side looks at the key pressure near 2390.
Tonight's interest rate decision, you can wait for the news to come out and then follow the trend. During the day, try to focus on short-term trading. If you want to gamble on the news trend, you also need to bring a good capital protection loss.

2024.9.16 Today's market analysis: ##btc ##eth
Last Friday, the market rose sharply, and then fell back over the weekend, showing a gate-drawing action. Does this mean that the rebound is over? Is the market starting to peak and fall back? Or is it just a retracement here?
After the daily level clearly broke through the downward trend line, it came to 0.618 and was blocked. From the daily line, since it was suppressed at a key position, it is natural to go to the small level to see if there is a top pattern. If there is, consider short orders. It is judged that this position is more likely to be the top of the rebound.
In 1 hour, here we come to the long-short conversion position again. This is the resonance gap of the previous gate-drawing market, and it is also the upper edge of the previous wave of oscillation range. First observe whether this position can stabilize. If it stabilizes, you can consider aggressive long orders and look at the position of 0.618 in this wave. If it does not stabilize, first look at the previous low of 57600 below.
First, we need to pay attention to when the rebound will occur here, and then calculate 0.618. If the rebound is blocked at 0.618, we can consider short orders, or if the neckline position around 59500-59600 is under pressure, we can also consider it.
ETH is even weaker, falling back below the previous parallel bottom 2307, but now it has come to 0.618 (near 2269). Let's see if it can hold up here. If there is a structural change at a small level, or a stop-loss action, we can consider entering a long order, and above is around 2370-2380 to consider short orders.
The key interest rate decision will come soon. It is recommended to focus on short-term operations recently, stop when you see a good opportunity, or do nothing and wait until the meeting is over before operating.

2024.9.13 Today's market analysis: ##btc ##eth
Yesterday's market remained volatile, and the market became boring. However, it was really because of yesterday's trend that an interesting action appeared here. Is it a peak or a takeoff?
In 1 hour, we can see a very obvious upward structure after breaking through the downward trend line. At present, the market is oscillating at the previous high position. This action is a "preparatory action" to prepare for a later breakthrough, but nothing is 100% certain. Then we need to find a turning point, 57310. Before it falls below 57310, we can find a position to take more. If it falls below, then it is very likely to look for the gap support of 56000-56259 below.
In 15 minutes, is it a W bottom (the so-called structural forms such as W bottom and head and shoulder bottom are not necessarily for bottom-fishing. The correct usage is that if they appear in the retracement stage in the bullish trend, it is a structure for going long with the trend). Here we will naturally continue to look at the upward attack. For the W-bottom pattern, the approach is to break through and stabilize 58400 to enter the long position, and look for acceleration upward.
For ETH, it is relatively weak, so we should keep the same idea as before. If it falls back to 2307 and does not fall below, we will look for a position to go long. If it falls below, we will look down at the support near 2270.
At present, the market is intensifying the game between long and short positions. For the time being, we will focus on short-term thinking and wait for the successful bottoming of the large level at this position.

2024.9.9 Today's market analysis: ##btc ##eth ##BTC走势分析
In the new week, the market last week should be said to be a shock after the decline. The upper shadow line and lower shadow line of the weekly line are similar, and the real part cannot be said to be particularly long, just like an enlarged version of a cross star, but it is understandable, after all, the market needs to rest after the big market.
Today, we mainly focus on 1 hour, where the standard 123 rule trend appears. It is currently oscillating near the trend line to see if it can stabilize, or fall back to 0.618 (54266.9) and hold up. You can consider long orders. If it can't hold up here, you can only look down to see if the new low of 52510 will have a false break and recovery.
ETH has a potential AMD pattern, which only needs to stabilize above 2310. In addition, this position is also a standard 123 rule trend. It is also oscillating at the trend line position. Let's see if it can stabilize. If it falls back to around 2240 and stabilizes, we can consider long orders. Otherwise, we have to see whether the low point of 2150 can be maintained. I entered a copycat order at the weekend, and the effect is good. I will continue to hold it. This week, I still maintain the low-long idea and wait for a better time to enter the long order.

2024.9.6 Today's market analysis: ##btc ##eth
Yesterday's market rose and fell. The long lower shadow closed the day before yesterday was almost completely recovered yesterday, but the interesting thing is that it closed above 56000. What kind of market action will the non-agricultural data tonight trigger?
In 1 hour, the low point of 55555 the day before yesterday was not broken. There is a rebound action at present, but because of the V-shaped reverse action formed the day before yesterday and yesterday, the resonant gap above has not been filled. In the area around 57300-57600, if it comes to pressure, you can consider aggressive short orders. But here I am more willing to consider low-to-long as the main, because a parallel bottom is formed below, and the liquidity is very strong. Those who bought the bottom last night and those who bought the bottom today will basically set the stop loss below 55555. If you use the news to get liquidity to fake a break and recover it tonight, it will be a very good opportunity to do more. During the day, you can also do a short-term decline to connect more.
In 15 minutes, we can see that the support at 56,000 is very strong. It has not fallen below 56,000 in 15 minutes. Even if it accelerates, it will eventually close with a long lower shadow and return to above 56,000. This is undoubtedly a good opportunity to go long during the day.
For ETH, the short-term trend is more obvious. The downward trend line here has been broken, and you can consider waiting for a pullback to take more action. However, at a larger level, there is a parallel bottom at 2304. Tonight, if you use the news to falsely break and recover, it is also a very good opportunity to go long.
The data tonight is particularly important, and the actions taken in conjunction with the data are even more important. Cautious friends can wait for the data in the evening and do not consider entering the market during the day.

2024.9.5 Today's market analysis: ##btc ##eth
Yesterday's market rose as expected, and everyone should have received long orders. After all, the 56,000 position has been called for more than half a month. If it is not received, it will be unjust.
In 1 hour, the market rose too fast, leaving a big positive line gap that needs to be filled. Since the daily line has closed with a long lower shadow, it should be mainly long to find a stepping position.
It will be clearer in 15 minutes. The upper 58500-58680 is the neckline position of the previous decline. There is a certain pressure here. If there is a structural change under pressure, you can aggressively enter the short position and bet on the callback action.
There are two positions below that need attention. The first is the low point of the decline and the 57350-57600 area of ​​the lower oscillation range. If it holds up, this is an aggressive long position. The second is the upper edge of the lower oscillation range, that is, the neckline position of 56800-57100. If it holds up, consider long positions. The long positions here are relatively stable.
ETH's support pressure is more obvious. The upper side has just reached the neckline position of the previous head and shoulders top and fell under pressure. Therefore, if it hits 2490 again, it can't go up or there is a top divergence structure, it is possible to consider short positions. Pay attention to the support situation near 2415 and 2385 below. If it holds up, you can consider long positions.
Bitcoin and Ethereum both had false breakouts and recovery actions yesterday, and the closing of the daily line also supports this statement, so today we maintain the idea of ​​low longs, but there is a situation to explain. There will be data in the evening of today and tomorrow. The position must be controlled to prevent unexpected situations!

2024.9.4 Today's market analysis: ##btc ##eth
Last night, the US stock market opened and the market began to fall. This morning, the market fell again and broke through 56,000. This position has been waiting for a long time and finally arrived. Should we follow the previous plan to buy the bottom here?
It can be clearly seen on the 4-hour chart that the market falsely fell below 56,000 and recovered, and it was very strong. I have reminded this position of 56,000 many times. I have said every time that if it falls below 56,000 and recovers, you must go long. I don’t know how many people have entered the market and gone long. If you don’t go long, don’t worry. There is still a chance when it falls back.
Here you need to look at 5 minutes. If you don’t fall below 56,000-56,200 in 5 minutes, you can consider long orders, and the upper pressure is 57,300-57,550.
The same is true for ETH. Here, a false breakout and recovery action was made. At the 5-minute level, the support strength of 2330-2340 can be seen. If it holds, you can consider long orders. The upper pressure is around 0.618 (2407).
At present, the market has finally made a clear move. The false breakout and recovery at the key position make the market structure clearer. Here, you can choose to find a position to go long without breaking the previous low.

2024.9.3 Today's market analysis: ##btc ##eth
Yesterday's daily line closed with a bullish engulfing, and the bulls performed very strongly. Does this mean that the market will continue to rise next? I don't think so. If it means rising here, what are the three consecutive days of long upper shadows and long lower shadows of the previous daily line doing? It is obvious that it is a shock wash action. After the wash, the direction will appear, but after the middle Yin line appeared at the weekend, the market did not continue to fall, but reversed, which means that the market is still unmoved and remains volatile.
But one thing we can know is that the big market is coming!
In 1 hour, there are many lower shadows, and there is a bottom divergence when a new low is created. It continues. It finally rose yesterday, but it is definitely not possible to chase it here. We can only wait for the market to fall back and intervene in the trend. If it falls back to 58500-58800, or 57750-57850, consider going long. The upper side is 60150-60550, and short orders are considered under pressure.
For ETH, it is more obvious. The gap of 2475-2490 below is also the gap of the previous V-shaped reversal. There is a coincidence of resonance here. So after the false break below the tip of 2491, it is quickly recovered and you can consider going long. Otherwise, you have to wait for 2450-2460 to stabilize and consider going long. For shorting above, you can only expect the high point of 2564 to come again, forming a top divergence and then going down.
This week is a data week, which is very important. Be patient and wait for the direction to be established. Don't be anxious. Control your position well and keep enough capital to seize more opportunities.

2024.9.2 Today's market analysis: ##btc ##eth
A new week has begun, and a new September has also begun. In the last month's line, the long-term buying was strong, and the key monthly level big positive line gap was filled. From the perspective of the monthly line, it is natural to consider buying on dips. But the long lower shadow also has a need to be filled, so September may see a situation of falling first and then rising.
At present, you only need to pay attention to the intraday situation, because this is not an opportunity for a medium- and long-term trend. Pay attention to the support performance of the 56500-57000 demand zone below. If it holds, you can consider going long, but it is best to consider going long after a false break and recovering the previous low of 55969.
The upper distance is relatively far, but it is the best position for shorting. The suppression near 59900 and the suppression performance of the upper oscillation range of 61400-62150, suppress and consider short orders.
ETH's performance is quite clear. The support below is the gap position in the previous period, around 2370-2410. If it holds here, you can consider long orders. Below is the previous low position of 2307. If there is a false break and recovery, you can also consider long orders.
Today is Monday, and the U.S. stock market is closed. Therefore, it is more likely that the market will maintain volatility from today to tomorrow. There may be good moves tomorrow night. For now, consider intraday short-term trading and stop when you see good results.

2024.8.31 Today's market analysis: ##btc ##eth
Today is the last day of August, the day of closing the monthly line. Today is Saturday, and the market fluctuations will not be particularly large, which means that the monthly line has basically been finalized. From the current monthly line, it undoubtedly represents the strength of the bulls. Then at the beginning of September, there may be a slight decline, and then continue to release the bullish strength upward.
1 hour at 8:30 yesterday, a false breakthrough was made to recover, and it came to the previous low of 57820, and a false break was made to recover. It was a perfect two false break recovery actions. I don’t know if you have done it.
15 minutes, the big positive line gap below is 58160-58380. If it holds, you can consider long orders. If it is suppressed by 60150-60550 above, you can consider short orders.
ETH, yesterday's V-shaped reversal was more direct, leaving a resonance gap below. If the gap 2476-2490 is supported, you can consider long orders. If it is suppressed above 2563-2578, you can consider short orders.
The overall trend is currently less volatile and has become simpler. Be patient and wait for a break. After the monthly line closes, consider a correction first and then stabilize around long orders, which will be relatively much better.

2024.8.30 Today's market analysis: ##btc ##eth
Yesterday's market showed a V-shaped reverse action again. Compared to what everyone has gotten used to, this may be the result the market wants. "Habit" is terrible this time. When you are used to a certain market action, a similar action will appear at this time, and you will involuntarily enter the market. However, the same action will not appear this time. If you ignore it, you will suffer heavy losses!
Yesterday's V-shaped reverse, the high point almost did not give any form, and it went down directly. Then a large Yinxian gap appeared again, which is a potential need to be filled. But it should be noted here that after breaking the new low below, this wave of rise broke the previous high point. It fell back to 0.618 and stabilized, which may change the 1-hour decline to rise. So here you need to consider whether to intervene in long orders, and look up to see the 1-hour structure change.
It is clearer when it comes to 15 minutes. There is a downward trend line here. If it breaks through and stabilizes, you can consider long orders. This is the neckline. The figure here is very similar to the structure of the head and shoulders bottom, and looking up at the high point of 59667. There are two trends here. If the final target is directly upward and breaks 61144, or if there is a false breakout and retraction during the rise, you can participate in short orders.
In general, consider long orders first, pay attention to price behavior in the rebound stage, and go short once there is a short opportunity, otherwise continue to hold.
ETH is clearer. After the false breakout before the low parallel bottom is retracted, it will retest the parallel bottom support again. If it holds up, it is natural to consider long orders.
The overall situation is still in the digestion process after the big market, be patient. Wait until the monthly line is closed before considering other big moves.

2024.8.29 Today's market analysis: ##btc ##eth
Yesterday's market remained volatile, which is a very normal trend. After a big market, the market usually needs to rest, repair indicators, rest emotions, etc., and then choose a direction to fluctuate again after the shock. This is the law of market operation.
Treat it as a range, sell high and buy low, and follow the trend on the side that breaks. If it breaks upward, look at the upper oscillation range of 61500-62200, and if it breaks downward, it is around 56000.
ETH's trend yesterday was stronger than Bitcoin. Now we need to pay attention to this. If it stabilizes here, the market may continue to move upward. After all, it has fallen below the previous low and recovered, and the gap below has been filled. However, the market needs to rest now. There may not be particularly large fluctuations in the short term. It is still treated as a shock. The upper pressure is 2560-2580 and 2670-2700, two intervals of pressure, and the lower support is 2340-2400.
The overall market has entered a resting stage, and the fluctuation will not be large for the time being. It can be treated as a shock, selling high and buying low.

2024.8.28 Today's market analysis: ##btc ##eth
Yesterday's market fell, taking back all the previous gains, and even falling more. What should we do? This wave of bulls was wiped out again, but from the perspective of the long-short ratio, the number of bottom-fishing people began to increase rapidly again. Can we see the bottom here? Is this wave a real second exploration of the bottom?

In 1 hour, we can see that after this wave of market fell below the upward trend line, the decline just came to 0.786 and rebounded. The large negative line that appeared due to the rapid decline has the need to cover. Since the current short-selling force is so strong, it is natural to wait for the market to fill the gap before placing a short order. The key pressure position here is around 62,000, and the support situation around 56,000 is seen again below. Whether this is a real second exploration needs to be confirmed.
ETH is currently in the process of second exploration, and is already filling the gap of 2360-2410. If it stabilizes here, it is natural to consider long orders, or if it falsely falls below 2307 and recovers, it can also consider long orders.
The rapid decline has turned the market sentiment into panic again, but the number of bottom-fishing is still strong. In terms of funds, the short contract positions are increasing, which has formed a contradictory situation. Let's go back to the technical side. If the current position stabilizes, consider long orders. If it does not stabilize, do not participate, and wait for the trend to become clear before intervening.

2024.8.27 Today's market analysis: ##btc ##eth
Yesterday's market fell back normally, but many people may not like the pattern. The long upper shadow cross star and the large real body Yin line, isn't this a complete bearish? The pattern is bearish, but the trend is a bullish trend. This can only be regarded as a callback. Next, we still consider finding a position to take more.
On the 1-hour chart, we can see that the market has a gap with a rising big Yang line before filling it. If there is a stop-loss action here, you can consider long orders. Below is the support of the trend line. If it holds, you can continue to consider long orders.
ETH can see that the gap has been filled. Here we have come to the key support position. If it holds, you can consider long orders. Below, you need to consider the support strength near 2640.
At present, the market has entered a callback action. It is reasonable to wait for stabilization to intervene in long orders. Today's volatility may not be particularly large. Tomorrow, the volatility is expected to increase, and the short-term small direction will also come out.

2024.8.26 Today's market analysis: ##btc ##eth
A new week, a new atmosphere. After breaking through the shock range in the early morning of last Saturday, it has been sideways at a high level for the past two days. This week will see a more interesting market. From the data, we can see that there are currently a lot of short sellers and contract positions. This is the solidification of thinking formed by the previous wide shock market. It is not wrong to say that it is wrong, but think about it, is this a thinking trap?
The weekly big positive line, which appeared in the case of a cross star in the previous two weeks, undoubtedly represents the strength of the bulls. Since it is strong, it should continue to maintain the main retracement and long. The upper repair arrangement pays attention to the suppression of 0.786 (65545) and the suppression of the weekly entity closing price near 68200. If there is a change in the pattern, you can consider light positions to try short orders and try callback actions.
The daily level will be clearer. The only rising positive line in the previous wave of decline is the key. It is expected that the market will fluctuate here. Yesterday's daily line closed with a long upper shadow cross star, and there is a need for a callback. The strength of the callback is considered. In addition, the previous big positive line has a gap that needs to be filled. The possibility of stepping back here has increased a lot, but it is still considered to follow the trend. It will be more comfortable to take long orders when it falls.
1 hour, there was a false breakthrough this morning, so the potential goal is to see through the lower edge of the range. If a false breakout is made to recover 63500, you can consider trying a long order. Below is the support situation of the big positive line gap 62307-62649. After the filling, a small-level structural change can be considered for a long order.
As for ETH, as we all know, 2800 is a key pressure position. Now there is a range of fluctuations near 2800. We tend to think that this is a preparatory action, a breakthrough action, but we need to have a suitable form before we can consider intervention. Then the big positive line gap 2698-2711 below has become the current key. If the gap is filled and the lower edge of the range 2729 is quickly recovered, it is a good opportunity to open a long order. The goal is to see through 2800 and stabilize and continue to attack.
Since the overall market is already bullish, we should follow the trend and stand on the side of high probability. Don't always think about bottoming out and touching the top. This behavior is very risky.

2024.8.24 Today's market analysis: ##btc ##eth
It was so cool yesterday, it finally took off! I waited so hard. BTC reached a high of 65,000. Has the bull market been established? Judging from the current long and short situation, the number of shorts has increased dramatically after the rise, and the short-selling funds are also increasing wildly. With so many people and funds shorting, will the market fall?
The so-called big positive line, thousands of troops come to meet, the daily line 0.618 has been broken, and the market often goes to 0.786 and then reverses. It is currently just a little bit away from 0.786 (65545). The daily level big positive line needs to be filled, and the attack will continue after the gap is filled.
The support strength of the trend line can be clearly seen on the 1-hour chart. Last night, many people were tempted to short. At 10 o'clock last night, Powell's speech triggered an upward impact on the market, but it eventually fell back. It was because of this needle that many people were tempted to enter the market to short, but they did not expect that this was just a small trap set by big funds. At present, because the rise was too fast, the market demand fell back. To fill the gap of the rapid rise, pay attention to the gap in the 62300-62600 area. If it stabilizes, you can consider long orders. You can take a closer look at the position of 0.786 above. There is just a parallel top there. If a false breakthrough is made, it is a resonance strategy, and you can consider short orders.
ETH finally came to test around 2800, but unfortunately it did not close. The gap of 2700-2710 needs to be paid attention to below. If it stabilizes, you can consider long orders. This position is not only a gap of the big positive line, but also the upper edge of the previous consolidation range, but once it falls below, it will be necessary to test the lower edge again.
Since the overall market has been pulled up, there is no doubt that we should maintain a bullish mindset, but the bullish mindset does not mean chasing the long position, but we need to find a position to step back and take the long position. There is a need for a callback at present, and consider long orders after the callback.

2024.8.23 Today's market analysis: ##btc ##eth
Now the daily market fluctuations are pretty good, but the problem is that it's just that, "short and sharp", and the rest of the market is boring. I thought the market trend would come out, but the market started to fluctuate again. Today is Friday, and the week is coming to an end. Will it take action next week?
There is no big change in the 1-hour trend. The focus is still on this upward trend line. If it holds, consider long orders. If it falls below, enter aggressive short orders. Observe the low point near 57800 and the support area of ​​56000 below. Observe the pressure performance near 62000 above. If it holds, consider short orders. If it breaks through and stabilizes, consider aggressive long orders. At present, it is in the range of shocks, and you can place orders according to the support and pressure.
The range of ETH is even more obvious, with pressure near 2680 above and support near 2550 below. Do not place orders in the middle section.
The overall volatility is starting to decrease again. Wait patiently for the market to break through and follow the trend. Although the operation is mainly in the shock range, it is time to start to form a pattern. When the order is profitable, try to ensure that there is a bottom position to gamble, so that at least you will not miss the first wave of the market.

2024.8.21 Today's market analysis: ##btc ##eth
The recent market is a routine. If it rises during the day, it will fall at night. If it falls during the day, it will rise at night. The strength is still a V-shaped reversal. It is really exaggerated. Yesterday's daily line closed with a long upward lead, and the selling pressure is still large, but this does not show anything, because the previous trend is like this. It will be better to wait for the trend to go out of the range and then follow the trend.
At the daily level, the trend is very slow. Normally, it has either risen here or fallen after the second exploration. After the big positive line rises on August 15, the fluctuation should accelerate, but the market did not, but it was ink here. Then wait for the trend to appear.
In 1 hour, I saw that the previous painting market had a gap resonance area of ​​60200-59800. After extension, it is similar to the gap resonance area of ​​yesterday's painting market. Is this a coincidence? I don't think it's a coincidence. This has become a key pressure support area. If the rebound comes to the area under pressure today, you can consider short positions. The best action is to falsely break through 59689.5 and then enter short positions. You can consider long positions below 57600 and 56000.
ETH is consistent with what I said yesterday. It came to 2684 and falsely broke through and entered short positions. It is perfect. It is still in the oscillation range. If there is a false breakthrough and recovery at 2550 below, you can consider long positions. You can also consider a false breakthrough and recovery at 2506. Remember that it must be a strong recovery to stabilize before considering it. If there is no action, don't easily gamble on bottom-fishing.
The overall market direction has not yet appeared. This week is very critical. Wait patiently for the direction to appear. For the time being, it is mainly short-term operations within the day. Recently, in terms of cottages, the blockchain game sector is quite popular, so you can pay more attention!

2024.8.20 Today's market analysis: ##btc ##eth
Yesterday's market was volatile. It fell during the day and rose back in the evening. The market still did not show a clear direction. Judging from the strength of the bulls' pull-up just now, it seems that the bulls are going to show their power? Is this really the case?
The chip distribution chart can be seen on the 1-hour chart. The position of VAH has now arrived, and it has come in a pin. There is pressure here. This position is also the position where the previous falling big Yin line was vacant. It is now completely filled. If it is filled, the rise can be completed. There is also a downward trend line suppression here. From the current situation, it is a strong suppression area, and the possibility of reaching the top is relatively high, so wait for 5 minutes for structural changes to occur here, suppress it, and consider short orders. If the breakthrough stabilizes, then observe the suppression performance near 62000.
ETH is even more obvious. On the chip distribution chart, VAH is just hit, and it also falls below the POC position. If there is a structural change in 5 minutes, short orders should be considered, and the target below is VAL2570.
The overall market is still fluctuating, and there is no obvious trend. First, operate according to the high-selling and low-buying, and wait for the trend to appear and follow the trend.

2024.8.19 Today's market analysis: ##btc ##eth
A new week has arrived. The weekly line closed with a cross star. The strength of long and short positions is pulling back and forth. There is no clear direction. Waiting for the direction of this week. From the trend of the past few days, it can be clearly seen that the market is facing a wash-out action. The trend is rubbing back and forth, and it is V-reversed at any time. At this time, we must wait patiently for the trend to be clear.
At the daily level, it is still in the 0.618 suppression stage. Although there is no rapid decline, the decline has continued. The strong support area below is still around 56,000. Before the complete big positive line appears, this section still looks at the decline first.
1 hour is even more interesting. Yesterday, it hit the triple parallel top of 59810, and filled the resonance gap left by the previous door, and then the false breakthrough was recovered. This is a very standard move, but the next move is disgusting. After a rapid decline, it came to the high point of the false breakthrough again, touched it and left. This move attracted a group of chasing more, and then the market fell, and both long and short positions were washed out. It started to accelerate this morning. Now that the gap has been filled and the decline has occurred, follow the trend and continue to open short positions after rebounding. If it can rebound to 59300 under pressure, this will be a good opening point. If it stabilizes at 59810 again, the market will hit the daily line 0.618 again, around 62000.
ETH is still in the range of shocks, and there is no clear direction, so it can be operated according to the high-selling and low-buying. If the range is broken, follow the trend, and consider entering a short position when 2670-2680 is under pressure.
There is still no trend in the overall market, and the intensity of the wash-out is getting stronger and stronger. The more it is at this time, the more we must be patient, wait for opportunities, and hit the target at once!