Morning Market Analysis - ETH


The bearish pattern has already opened, and the trend clearly points downward, with a target looking towards the 3860 level!

The short-term trading strategy is clear today: the overall trend is weak, and the rebound strength is expected to be limited. Even if there is a rebound, it is highly likely to transition into a consolidation pattern. During the morning, afternoon, and evening sessions, one can pay attention to shorting opportunities at the high points of the rebound. If you are worried about missing the market, you can take a light position (3%-5%) to place short orders at any rebound point, and increase your short position opportunistically during the rebound.

Operation Suggestions:
Short if it rebounds to around 4450, set stop loss above 4550, target towards 4250 and 4150; if it rebounds to around 4660, continue to add shorts, target towards above 4300, risk control should be consistent.
The current market is dominated by bears, and following the trend is key. Do not blindly try to catch the bottom, and do not go against the trend to chase longs. #ETH创历史新高#
ETH-3.71%
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