8/1
"Market conditions are changing rapidly, the key lies in how we grasp them"
Good morning everyone, I am Cat God
The long-awaited market has finally arrived. Ethereum has been oscillating sideways for so many days and opened the Bollinger Bands downward today. A large negative column is inserted downward. From the hourly line, we can see that the solid negative column at 10 o'clock in the morning began to rebound at 1820. At present, MACD shorts continue to increase. Although the KDJ three lines are suspected of overtaking upward, this 4-hour line has not yet been completed, and the bottom is not clear. In this case, we temporarily set 1800 as a strong support. This is also the lower track position of the daily level, which can still be used as a reference. If this position is broken, the trend will change greatly. The risk of chasing shorts during the day is too great, so it is recommended to focus on low and long positions.
Operation suggestion: Buy around 1810-1820, stop loss 30 points, target 1840-1880
