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Last night's rally, I've been optimistic about it, and the market makers also supported it. Many people were bearish last night. Why do I say that? Because I kept telling everyone not to chase short positions yesterday. I believed it would definitely go up in this wave, or directly surge higher, but the market makers weren't very supportive. Last night, the trading was based on Ethereum at 2160, aiming for 2220, and once it reached that, it looked at the previous high but didn't go higher. These past two days, it has been hovering around the previous low and high.
So, looking at today's market, as long as it doesn't break below the previous low of these two days, it will still rebound. If you want to trade, you can short near the previous high of these two days, and go long near the previous low—trading back and forth can be quite satisfying. This kind of market can only be judged based on your own ideas because it’s impossible for it to only fall without rising.
So, in the past two days, we made good profits, initially going long, then short, and last night, we went long again. Currently, the bulls are still relatively strong. It's best to trade intraday near resistance and support levels—take a small position and exit quickly, trading back and forth. As long as your position size isn't too heavy, even if you short at the first resistance level or go long at the first support level, you don't need to fear this kind of market.
Last night, Ethereum reached a maximum profit of over 1,000 USD, and I’m still holding it because I set stop-loss and take-profit levels before sleeping. Now, selling it again doesn’t make much sense. 😂
Brothers who want more detailed analysis can use my invitation code. You can also bring your friends from other platforms to open an account. 😄