The weekend outlook is for a sideways, slightly upward trend.
Unfortunately, I was late.
Today it's already halfway up the mountain.
Bitcoin still needs some upward movement.
Ethereum is currently in debt, so it'll probably consolidate for a while to offset it.
Actually, the day before the Fed rate hike, when everyone was panicking,
I figured it out. Even ordinary people knew that this meant it had been digested by morning.
Based on the data, I was bullish and opened my heaviest long position in two months. Unfortunately, I opened on XRP, which had the lowest price increase. It had already surged during the previous rally and was digesting the gains.
And it always starts a beat late.
Now, almost all mainstream traders agree that after three or four sharp drops, there will be a sudden plunge to around 21-23 for Ethereum, followed by a surge to 3500+.
I feel this drop cycle might become smoother and more grueling.
A longer-than-expected slow decline followed by a sharp plunge.
Because the negative news has been fully priced in without a market crash, the real bulls and bears are playing rock-paper-scissors. The big drop will only occur when both sides play scissors, meaning they start shorting. Currently, it's confirmed that the bulls haven't reached a consensus yet.
Although it's time for a drop... However, some major institutional investors haven't completed their own processes yet.
Therefore, my advice for Ethereum is not to rush. Wait patiently for a drop above 2710; there will still be opportunities to place short orders. If you're aiming for a swing trade, place short orders above 2710, targeting 2668 or 2635 for short-term trades.
If you have good position sizing and mindset control, place orders for a drop 3-5% below the recent low. If it drops more than 3% from the recent low in a short period, it's a signal of a bullish reversal.
For long-term trades, focus on two signals. The first one has been hedged; it's unclear if it will be reversed later.
But a single trade involves a very rapid drop from a low point, which is difficult to judge.
Actually, the drop before the sharp decline also appears very rapid to the average person.
What I can add is that if it breaks below the recent low, consolidates, and then continues to drop 3-5% at the latest low, 2-3 times faster than the previous plunge (around 4%), the closer the drop, the stronger the signal.
Then, the bulls are really bullish. For $SOL , if it drops 6-7% in a single day, and then drops another 3-4% the next day, buy at a lower price.
For $ZEC , open a long position near the lowest point in recent days, and then gradually add to the position if it breaks below.
For short positions, use $ETH .
Feel free to ask any questions in real time, as market analysis requires a systematic approach and cross-verification. Daily market analysis is relatively more accurate and provides a better understanding of the market.Then there's what happens 1-20 minutes later that you can't keep up with. How much earlier is random? You can leave a message asking for advice before opening a position.
Unfortunately, I was late.
Today it's already halfway up the mountain.
Bitcoin still needs some upward movement.
Ethereum is currently in debt, so it'll probably consolidate for a while to offset it.
Actually, the day before the Fed rate hike, when everyone was panicking,
I figured it out. Even ordinary people knew that this meant it had been digested by morning.
Based on the data, I was bullish and opened my heaviest long position in two months. Unfortunately, I opened on XRP, which had the lowest price increase. It had already surged during the previous rally and was digesting the gains.
And it always starts a beat late.
Now, almost all mainstream traders agree that after three or four sharp drops, there will be a sudden plunge to around 21-23 for Ethereum, followed by a surge to 3500+.
I feel this drop cycle might become smoother and more grueling.
A longer-than-expected slow decline followed by a sharp plunge.
Because the negative news has been fully priced in without a market crash, the real bulls and bears are playing rock-paper-scissors. The big drop will only occur when both sides play scissors, meaning they start shorting. Currently, it's confirmed that the bulls haven't reached a consensus yet.
Although it's time for a drop... However, some major institutional investors haven't completed their own processes yet.
Therefore, my advice for Ethereum is not to rush. Wait patiently for a drop above 2710; there will still be opportunities to place short orders. If you're aiming for a swing trade, place short orders above 2710, targeting 2668 or 2635 for short-term trades.
If you have good position sizing and mindset control, place orders for a drop 3-5% below the recent low. If it drops more than 3% from the recent low in a short period, it's a signal of a bullish reversal.
For long-term trades, focus on two signals. The first one has been hedged; it's unclear if it will be reversed later.
But a single trade involves a very rapid drop from a low point, which is difficult to judge.
Actually, the drop before the sharp decline also appears very rapid to the average person.
What I can add is that if it breaks below the recent low, consolidates, and then continues to drop 3-5% at the latest low, 2-3 times faster than the previous plunge (around 4%), the closer the drop, the stronger the signal.
Then, the bulls are really bullish. For $SOL , if it drops 6-7% in a single day, and then drops another 3-4% the next day, buy at a lower price.
For $ZEC , open a long position near the lowest point in recent days, and then gradually add to the position if it breaks below.
For short positions, use $ETH .
Feel free to ask any questions in real time, as market analysis requires a systematic approach and cross-verification. Daily market analysis is relatively more accurate and provides a better understanding of the market.Then there's what happens 1-20 minutes later that you can't keep up with. How much earlier is random? You can leave a message asking for advice before opening a position.
