If you don't have the ability to clean up the mess, don't indulge in fickle emotions. When calmness becomes a habit, fear and worry will have no place to stay. Ethereum fell and rebounded yesterday and closed with a small negative line. The daily line pattern continued to weaken with consecutive negative lines. A wave of pull-ups in the early trading touched 1890 but failed to stabilize. The rhythm was basically the same as that of the big cake. It rebounded without breaking the high, and the bulls and bears oscillated back and forth to wash the market. At present, it is waiting for the daily line to confirm whether it is a rebound correction or a stop loss and rebound. Last night, it stopped and rebounded after a second test of the 1805 area. If it does not break in the short term, it is expected to rebound. If it breaks, it will go short.

From the technical structure, the K-line on the four-hour chart is located at the lower track of the Bollinger Band and extends horizontally. There is no continuity in the Yin-Yang cycle. Judging from the strength of the rebound from midnight to the present, today's short-term may rebound first and then fall back. Therefore, the thinking on short-term trading must be adjusted in time. The high point of the intraday rebound is 1850. This position is the watershed between long and short today. In the short term, we should first look at a wave of inertial rebound. If it does not break yesterday's high, we can short it. Other positions will be based on the actual market. The medium-term will continue to hold for the time being.

Ethereum 1810-1820 long, target 1880, if it does not break 1890, go short directly#BTC #crypto2023 #ETH #Binance #Web3