Saturday US stock market is closed. When market funds lack liquidity, will the mainstream trend react?
Based on last night’s situation, the trend this week is actually pretty good. It has fallen four times in a row but hasn’t broken the support below. When the CPI data came out, it dipped in a way that was out of control, but instead it quickly inserted downward and then surged up continuously. Nearly $1 billion worth of ETFs entered the market, and even the giant whales are rapidly switching between long and short positions crazily.
Right now, Ethereum has pulled back toward the downside. Is there still room for the weekend trend to rise?
Ran Ge: Yes.
Its daily chart adjustment hasn’t ended yet. With the sell-off not yet being sufficient, there is still a chance for a rebound (short-term).
My personal trading idea: cut losses at 2498, go long around above 2500, and wait for Asian-session funds to bottom-scoop again on Saturday. Almost everyone in the market is chasing shorts, so in the short term there absolutely has to be a rebound.
For a more conservative approach: first look for a potential double, then consider 2560.#Circle拟4亿美元收购Tazapay
Based on last night’s situation, the trend this week is actually pretty good. It has fallen four times in a row but hasn’t broken the support below. When the CPI data came out, it dipped in a way that was out of control, but instead it quickly inserted downward and then surged up continuously. Nearly $1 billion worth of ETFs entered the market, and even the giant whales are rapidly switching between long and short positions crazily.
Right now, Ethereum has pulled back toward the downside. Is there still room for the weekend trend to rise?
Ran Ge: Yes.
Its daily chart adjustment hasn’t ended yet. With the sell-off not yet being sufficient, there is still a chance for a rebound (short-term).
My personal trading idea: cut losses at 2498, go long around above 2500, and wait for Asian-session funds to bottom-scoop again on Saturday. Almost everyone in the market is chasing shorts, so in the short term there absolutely has to be a rebound.
For a more conservative approach: first look for a potential double, then consider 2560.#Circle拟4亿美元收购Tazapay
