From the four-hour level, the market has rebounded after a brief continuation of the previous plummet, with the bearish pullback significantly weakening and the downward momentum clearly insufficient. The bullish candlesticks are continuously recovering the ground lost earlier. At the hourly level, a short-term bottom is being formed with fluctuations, and lower shadows frequently appear, indicating that the bearish momentum is being continuously consumed, and the market's upward trend is on the verge of breaking out.
Long position strategy Buy in at the current price of 101600-102000, target around 103000-104000, and if it breaks, look for 105000-107000.
Enter long at the current price of Ethereum at 3370-3400, with targets around 3500-3550-3600, and if it breaks, look at around 3650-3680. Short position strategy Open a short position at 106500-107000 for the pancake rebound, targeting around 105500-105000, and if broken, look at around 104500-104000.
Short one contract on Ethereum rebound at 3650-3680, targeting around 3600-3570-3550, if broken look for around 3530-3500, $ETH
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From the four-hour level, the market has rebounded after a brief continuation of the previous plummet, with the bearish pullback significantly weakening and the downward momentum clearly insufficient. The bullish candlesticks are continuously recovering the ground lost earlier. At the hourly level, a short-term bottom is being formed with fluctuations, and lower shadows frequently appear, indicating that the bearish momentum is being continuously consumed, and the market's upward trend is on the verge of breaking out.
Long position strategy
Buy in at the current price of 101600-102000, target around 103000-104000, and if it breaks, look for 105000-107000.
Enter long at the current price of Ethereum at 3370-3400, with targets around 3500-3550-3600, and if it breaks, look at around 3650-3680.
Short position strategy
Open a short position at 106500-107000 for the pancake rebound, targeting around 105500-105000, and if broken, look at around 104500-104000.
Short one contract on Ethereum rebound at 3650-3680, targeting around 3600-3570-3550, if broken look for around 3530-3500, $ETH