After a big drop on Thursday night, it reached 1590. I remind you to short instead of long. If you short, you can get at least 20 pips of profit by inserting a pin to 1565. Congratulations to those who follow me. 🎉 I won’t give you any points on weekends. The market fluctuates less, so there is no point in doing it. Everyone should take a break and prepare for a new week⛽️

Market News:

1. Chongqing: By 2025, the scale of the city's metaverse-related industries will reach 100 billion yuan

2. The Federal Reserve will lay off about 300 employees by the end of 2023 3. The U.S. SEC fined Goldman Sachs $6 million for failing to submit a report 4. A whale deposited $65 million of ETH to CEX through Stake.com in the past 14 days 5. Data: Ethereum network fees fell to the lowest level in 9 months

ETH market analysis:

ETH hit a high of around 1602 yesterday and then fell under pressure, and fell to the 1586 line with little overall fluctuation. The current price is around 1592. The four-hour level rebound high is lower and the bottom is gradually rising. The activity space is narrowing. The MACD short-term shrinkage and double-line adhesion show signs of a golden cross, but the pressure from above is strong, and the probability of a breakthrough is not expected to be high.

Support level: 1560, 1580 Resistance level: 1600, 1620 Reference operation: The daily level fluctuates slightly and is sideways. In addition, the trend is slow over the weekend, but the direction has not changed. The overall trend is weak and there is still a risk of breaking down. The intraday idea is to hold high and low for breaking. The upper pressure is 1600-1620, and the lower support is 1560-1540.

The operation of the currency circle is relatively flexible, especially the contract. The above is only a personal opinion in the short term. Don’t operate it as if you have a standard answer! The post is time-sensitive. The financial market is changing rapidly. Friends who want real-time guidance are welcome to follow and communicate to help you quickly seize investment opportunities! $ETH #解析cyber