Currently, whether it's Bitcoin or Ether, there's not much to say in the oscillating market. It's a good strategy to go long and short within the oscillating market range and set stop-loss orders. If I have to say something, let's look at the Ether's daily K-line chart after closing, it's also oscillating along with the big brother. Many frens are paying attention to the support at 3300, so let me talk about it. From the 4-hour chart, after Ether surged to around 3450 yesterday, it began to fall back. On the 1-hour chart, an M-shaped double top pattern is forming. Intraday, the upper resistance levels to focus on are 3370/3400/3430. Currently, the market is quite concerned about where Ether will go if it falls below the 3300 support level. I won't show you too far, but if it falls below, it will definitely test the support at 3230. Currently, the 4-hour Bollinger Bands of Ether show a narrowing parallel state, and the MACD is in a downward trend with signs of forming a death cross close to the 0 axis. For now, Ether can go short along with the big brother. You can choose to short at 3370-3390, and for long positions, as usual, wait for the stabilization around 3300 before considering entering.
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Currently, whether it's Bitcoin or Ether, there's not much to say in the oscillating market. It's a good strategy to go long and short within the oscillating market range and set stop-loss orders. If I have to say something, let's look at the Ether's daily K-line chart after closing, it's also oscillating along with the big brother. Many frens are paying attention to the support at 3300, so let me talk about it. From the 4-hour chart, after Ether surged to around 3450 yesterday, it began to fall back. On the 1-hour chart, an M-shaped double top pattern is forming. Intraday, the upper resistance levels to focus on are 3370/3400/3430. Currently, the market is quite concerned about where Ether will go if it falls below the 3300 support level. I won't show you too far, but if it falls below, it will definitely test the support at 3230. Currently, the 4-hour Bollinger Bands of Ether show a narrowing parallel state, and the MACD is in a downward trend with signs of forming a death cross close to the 0 axis. For now, Ether can go short along with the big brother. You can choose to short at 3370-3390, and for long positions, as usual, wait for the stabilization around 3300 before considering entering.