Today, ETH's pullback did not break the 2630 level that Long Ge mentioned earlier. From the current Ethereum market perspective, there are signs of a pullback, but it has not shown a downward trend. However, everyone should not be careless, as we still have U.S. unemployment data and PCE data coming out tonight. It is possible that ETH could face downward pressure and hit the second buying position that Long Ge mentioned! So everyone can prepare for both scenarios!
Today, let's also pay attention to BTC's trend. From today's perspective, the longer-term daily chart showed a bullish candle yesterday, with successive bullish K-line patterns, and the price is above the moving average. The indicators are showing a golden cross with increasing volume, indicating a clear upward trend that remains strong, both in continuity and strength, and there’s no sign of a strong pullback. The market's enthusiasm continues! However, it's worth noting that this position is quite awkward; the short positions are mostly around 73500, and very few people are shorting with large positions, while many are on the long side. Therefore, Long Ge wants to say that the main force might try to shake out long positions in the next couple of days. The possibility is relatively low, but it cannot be ignored. So, Long Ge's approach is to look for a buying opportunity in the range of 70000-70500. It might not go down, but if you act, you have one more opportunity than others. Long Ge adopts a conservative strategy; if it doesn't drop, you won't incur a loss, but if you miss the entry, you lose that opportunity!
Follow Long Ge, as he will continue to share market profit points!