【Today’s Strategy-ETH】

From the 4-hour ETH trend, we can clearly see that Ether is subject to the upper trend line pressure level and continues to fall, with the high point gradually lowering. The lower support level of 1616 was effectively broken at midday, and the currency price is running below the long-short watershed. How to predict the market outlook? Judgment?

According to the MACD trend indicator, it is in a short position and has effectively broken through 1616. Whether there is a unilateral market in the market outlook is our focus. This week’s CPI is announced. In my opinion, there is a high probability that there will be no unilateral move before the data is released, but the short sellers will once again test the willingness of the bulls to protect the market. Therefore, we should be cautious in doing long operations, and should be supplemented by low longs and high altitudes. Mainly, and the pin will be inserted again before going unilaterally.

Strategy:

Short 1625-1630, target 1578-1580

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