$ETH update Originally, the target for Ethereum tonight was around 1910-1930, but Ethereum has been quite strong and didn't dip to the target. I decided to take profits on half of my short position, keeping the other half open. $BTC has hit a strong support level, and I'm expecting a bounce, but I still wouldn't recommend going long; I'd prefer to short at higher levels. If Ethereum pushes to 2030-2050, I'll look to enter a strong short position around 2080!
$ETH Update Bitcoin and Ethereum are testing key support levels. From a technical standpoint, we might see a bounce here, but Ethereum's daily chart is bearish and the 3-day chart shows a death cross. Going long here carries significant risk; it's better to set up short positions during any rebound! If support breaks and the price can't hold, just ride the trend and short accordingly!
$ETH Update The overall trend is still leaning bearish. Currently looking for a bounce; not much strategy analysis here. Just hold onto that short position. As shown, the downtrend is where we score big. In a bounce market, we can ride the wave up while still shorting to stack profits. Remember, in a downtrend, increase your position size, but lighten up during a bounce! Accumulate funds and patiently wait to bottom out for long positions! $BTC $SOL
$ETH Update BTC is nearing a key support level, and the space for going short is quite narrow, so avoid heavy positions! If the 2010-2050 range holds, a solid bounce could be expected, targeting 2180-2260. However, if 2010 breaks and doesn't recover, consider going short towards 1930-1850 for new lows. The overall trend remains bearish, so it's still a wait-and-see game—hold onto your short positions for those new lows!
$ETH I’ve made a few moves, but overall it feels off; it just hasn’t met my expectations. What am I waiting for? I’m waiting for Ethereum to catch up; damn, it's been a continuous drop for a month, and I feel like it has to bounce back! I’ll hold on a bit longer, but if it doesn’t rebound and breaks down, then I’ll have to go short on the right side!
$ETH Update These past couple of days, ETH has been ranging around 2330, fluctuating about 40 points. Have you all been shaken out? Looking ahead, the likely trend is for BTC to gradually rise, luring in longs while the market does a slow bleed to force you to hand over your coins, while ETH will bait shorts and then pump to liquidate those short positions!
$ETH $BTC update Given the drop trend of Bitcoin breaking down, the ETH long didn't hit the target, and the structure has shifted, let's take profit on the short! Referencing the BTC/ETH trading pair, it shows an upward trend. In the future, ETH is expected to rally stronger than Bitcoin, but the overall sentiment is still bearish!
$ETH update Strong support in the 2160-2180 range There will definitely be a bounce here. My strategy is to take some profit by closing part of my position, then I'll add back to my position as it bounces up. If this range breaks, I'll leverage more and ride it down for another 200 pips!
$ETH Update The space is being compressed to make you guys hand over your chips! Yesterday's pump was immediately followed by a dump; those who closely followed the strategy execution probably got a slice of the action! Right now, it's awkward to go long or short at this level; going long has limited upside, while going short is facing strong support below, so let's wait for a short entry! Currently, Bitcoin has hit a support level, and Ethereum is showing a death cross on the daily chart! Still leaning towards a high short strategy or waiting for a breakdown below support to enter a short!
$ETH Update BTC: The current upward momentum is still there but weakening. From the market perspective, the probability of breaking a new high is quite high. For long positions, wait for a pullback to 78000 and then look to target above 80000 before starting to short. ETH: Following BTC, we can enter long around the 2330 mark aiming for above 2400. However, don’t rush into shorting; watch BTC for any high-level consolidation. If BTC consolidates at a high, ETH is likely to catch up afterward. You can take profits on one-third at above 2400 and set a stop-loss at 2350 while holding for a target around 2550! If BTC breaks the previous high and starts to drop, there’s no need to hold; take profits and flip to short immediately! The above is just advice; I'm currently holding shorts and not going long, continuing to add to my short positions at these highs!
$ETH The morning dynamics mentioned a short-term bullish outlook, and the upper resistance has been marked. Pay attention to the 2390-2420 range for initial short positions. The current market is low leverage, with wide stop losses; patiently wait for the market to unfold!
$ETH (Update the previous dynamic chart) Basically following the lines, since resistance has become support, the short-term outlook is bullish, but bullish doesn't mean to go long, continue to short! A line has been drawn above, let's see how it goes!
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