March 30 ETH Analysis
I. Bearish Analysis
1. The daily line currently shows a lower high and a lower low, indicating a downward trend that will not easily change!
2. The daily line has formed a triangular pattern, the slope of the highs is increasing, and the downward pressure is getting larger, leading to a stronger bearish momentum and a changing market rhythm.
3. Next Wednesday, Trump's tariffs will take effect, suggesting another significant drop is on the way, indicating that we should still short at highs!
II. Bullish Analysis
1. To be honest, in most cases, the news will only lead to a slight rebound; when tariffs take effect and bad news is fully priced in, it will turn bullish!
2. The market has been declining continuously from the Spring Festival until today, with many altcoins down more than 80%. The market will never keep falling indefinitely, nor will it always rise.
3. There are expectations for interest rate cuts in June, so April and May will be a great opportunity for everyone to recover losses with a decent rally!
Breakout Strategy: From now until next Wednesday before tariffs take effect, only short and do not go long. Resistance is around 1905, and the long position is basically around 1750! Once the tariffs take effect, reverse to go long!
Remember: Change the habit of not setting stop-loss and take-profit in trading, or you are on the path to zero!
I. Bearish Analysis
1. The daily line currently shows a lower high and a lower low, indicating a downward trend that will not easily change!
2. The daily line has formed a triangular pattern, the slope of the highs is increasing, and the downward pressure is getting larger, leading to a stronger bearish momentum and a changing market rhythm.
3. Next Wednesday, Trump's tariffs will take effect, suggesting another significant drop is on the way, indicating that we should still short at highs!
II. Bullish Analysis
1. To be honest, in most cases, the news will only lead to a slight rebound; when tariffs take effect and bad news is fully priced in, it will turn bullish!
2. The market has been declining continuously from the Spring Festival until today, with many altcoins down more than 80%. The market will never keep falling indefinitely, nor will it always rise.
3. There are expectations for interest rate cuts in June, so April and May will be a great opportunity for everyone to recover losses with a decent rally!
Breakout Strategy: From now until next Wednesday before tariffs take effect, only short and do not go long. Resistance is around 1905, and the long position is basically around 1750! Once the tariffs take effect, reverse to go long!
Remember: Change the habit of not setting stop-loss and take-profit in trading, or you are on the path to zero!