Nov 6: After the U.S. election results were finalized, the market shifted to pricing in expectations of fiscal expansion, and selling pressure was released all at once. After the sharp drop, prices recovered from lows; look to short into the rebound.
[Today's Strategy]
Short entry range: Set up positions on a rebound to 2260–2280
Take-profit levels: 2220–2205
[Core Rationale]
A sharp, high-volume breakdown on the hourly chart has put bears in control in the short term. The 2260–2280 range is a dense resistance zone formed after the breakdown, with heavy selling pressure on rebounds. A technical recovery is possible after the steep drop. Ethereum's high volatility amplifies price swings; despite the sharp decline, the broader trend remains downward, leaving limited room for a rebound. Keep position sizes strictly controlled when trading the range. #Eth #U.S. stocks are weakening, putting broad pressure on the cryptocurrency market
[Today's Strategy]
Short entry range: Set up positions on a rebound to 2260–2280
Take-profit levels: 2220–2205
[Core Rationale]
A sharp, high-volume breakdown on the hourly chart has put bears in control in the short term. The 2260–2280 range is a dense resistance zone formed after the breakdown, with heavy selling pressure on rebounds. A technical recovery is possible after the steep drop. Ethereum's high volatility amplifies price swings; despite the sharp decline, the broader trend remains downward, leaving limited room for a rebound. Keep position sizes strictly controlled when trading the range. #Eth #U.S. stocks are weakening, putting broad pressure on the cryptocurrency market
