8.24$ETH Market Analysis and Suggestions
The current trend line oscillates around 2480–2408. These past few days are nothing more than easing the sharp surge from last week. But remember: don’t blindly chase. Those sharp pullbacks followed by sudden drops are hints. Going forward, start laying the groundwork around the following points:
1. Whether there will be a rate hike in September. Market sentiment has been constantly speculating; the emotionally driven impact caused by the U.S. bond turmoil is beginning to fade.
2. FOMO sentiment has been continuously fueling the rise in coin prices. If the next month’s favorable news is confirmed and actually materializes, then returning to the original price level has a very high probability.
In the short term, I personally still favor going short. However, don’t hold for the long run—avoid getting stopped out by sudden wick spikes. Placing limit orders to short is the most suitable approach. If you have no clear idea, you can pay attention to Brother Long and wait for instructions!
#BrentDrops1.87% #SP500FuturesFall
The current trend line oscillates around 2480–2408. These past few days are nothing more than easing the sharp surge from last week. But remember: don’t blindly chase. Those sharp pullbacks followed by sudden drops are hints. Going forward, start laying the groundwork around the following points:
1. Whether there will be a rate hike in September. Market sentiment has been constantly speculating; the emotionally driven impact caused by the U.S. bond turmoil is beginning to fade.
2. FOMO sentiment has been continuously fueling the rise in coin prices. If the next month’s favorable news is confirmed and actually materializes, then returning to the original price level has a very high probability.
In the short term, I personally still favor going short. However, don’t hold for the long run—avoid getting stopped out by sudden wick spikes. Placing limit orders to short is the most suitable approach. If you have no clear idea, you can pay attention to Brother Long and wait for instructions!
#BrentDrops1.87% #SP500FuturesFall
