Yesterday, the Ethereum market continued its volatile upward trend until the CPI data was announced in the evening. After the digital currency broke through the short-term resistance level of 3150, it quickly rebounded to a high of 3216, but then left a long rise at the high level. The shadow line shows that the pressure above is significant, and then it fell back under pressure. Currently, the price of Ethereum is stably fluctuating around 3100.

From the hourly chart analysis, the current MA5 and MA10 moving averages show a slight adhesion state, and jointly show an upward resonance trend, which may indicate the potential for continued upward attack in the short term. However, when we turn our attention to broader technical indicators, the overall trajectory of the MA30 moving average and the Bollinger Bands (BOLL) still maintains a weak trend, indicating that the market is still adjusting within a relatively wide range of shocks. .

Based on the above analysis, our overall trading idea tends to look for short-selling opportunities in band rebounds. For specific short-term operations, the suggestions are as follows:

Short selling strategy: If the price of Ethereum rebounds to around the 3130 to 3150 range, you can consider placing a short position with a short position. In order to control risks, you can set the defensive position above 3250 and consider covering short positions at this position to enhance the safety of your position. Stop loss is recommended to be set near 3290 to avoid possible unexpected upward risks. The take-profit target is initially set at the 2960-2990 range. If the price successfully falls below 2960, you can consider continuing to hold short orders to pursue greater profits.

Long strategy (alternative): If there is a deep correction in the market and the price of Ethereum falls back to the area near 2990, you can consider placing short-term long orders near this position. For risk management, it is recommended to set the defensive position below 2880, and to cover the position appropriately to spread the cost. The stop loss point should be carefully set below 2840 to prevent the market from accidentally breaking the level. The profit-taking target can be set above 3050, and can be adjusted flexibly based on market reaction. $ILV $GAL $OM #美联储何时降息？ #币安合约锦标赛