Yesterday's market was in line with expectations, truly a situation where Zhang Fei eats bean sprouts, easily managed! First, the range consolidation broke out and stabilized at 2377, then quickly surged, perfect. Today's market is actually quite simple; one must understand that the market direction and momentum are consistent with Bitcoin. So just take a quick look at Bitcoin, it helps with trading Ethereum. Bitcoin is currently bearish, the divide between long and short is 74550, and anything below it is a downward outlook.
As of today, Ethereum has not formed a clear five-minute central or upgraded central consolidation, it is not obvious enough. One can tentatively estimate it to be around 2332-2316.
It is clear that Bitcoin and its current position are both bearish. The divide between long and short is at 2361, which is a focal point for speculative pullbacks. With a larger stop-loss, it's more reasonable to calculate the consolidation range and operate within one's own tolerance level.
In fact, there's not much to say today; any climax is followed by a period of slack. As long as emotions follow the market, there shouldn't be too much of a problem.
As of today, Ethereum has not formed a clear five-minute central or upgraded central consolidation, it is not obvious enough. One can tentatively estimate it to be around 2332-2316.
It is clear that Bitcoin and its current position are both bearish. The divide between long and short is at 2361, which is a focal point for speculative pullbacks. With a larger stop-loss, it's more reasonable to calculate the consolidation range and operate within one's own tolerance level.
In fact, there's not much to say today; any climax is followed by a period of slack. As long as emotions follow the market, there shouldn't be too much of a problem.