Sector rotation
What we need to grasp at the moment is the pull-up market from the first stage of consolidation to the second stage of consolidation. I personally feel that Ethereum has almost adjusted. It is likely to pull up before the CPI data this month, and then start to fluctuate and consolidate. Before the news falls, it will hit a new high again and then retest! In other words, there should be a good market this week!
Judging from the weekly closing of Ethereum, the trend last week was still very strong. After all, after the big rise, there was not too much retracement, and the bulls still have the momentum to rush up again! From the technical analysis alone, this week's trend is also worth looking forward to!
As long as Ethereum starts the second wave of rise, the L2 project holdings in hand will definitely rise again. However, from the perspective of the retracement after this round of rise, although Ethereum did not retrace much, OP, STRK, and ARB are still relatively weak. In the middle of this month, STRK and ARB will usher in another wave of unlocking. Therefore, in terms of the grasp of the general direction this week, if it is a swing trade, as long as you achieve your own profit target, you can take profits in the swing trade!
The advantage of making a good trading plan in advance is that when the market really develops as we expected, we must remember to achieve unity of knowledge and action, and not let greed and fear affect our own speculation. When it is time to buy the bottom, be bold to buy the bottom, and when it is time to stop profit, remember to stop profit decisively! Don't remember that you didn't buy enough when it's rising, and chase the rise and increase your position, raising your position cost. When it falls, you have already been fully stocked halfway up the mountain, and you have no bullets. Plan your own transactions and trade your own plans! In that way, you will definitely make profits more easily!
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