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"A day in the currency world is a year in the world." This statement is vividly reflected in ETH today - the 4-hour K-line has directly turned into a "waterfall", from the previous high to more than 3,500. Many retail investors who bought the bottom were buried as soon as they entered the market. How long will this wave of decline go crazy? Let’s look at the most intuitive market trend first: ETH has fallen all the way from the high of 4253, and the 7-day, 25-day, and 99-day moving averages have all fallen below, and the moving averages are like a “short queue”. It recently held up at 3558, but the rebound was as weak as a "wilted leek" and couldn't even break through the short-term moving average. It was obviously the short sellers who had the final say.  The key points must be closely watched: 3558 is now a short-term bottom. If this layer of window paper is pierced, the next support will have to be 3400-3450. That is the old platform for early adjustment. If it cannot support it, it will be more troublesome. Want to bounce back? The two hurdles of 3676 and 3800 must be overcome first, especially at 3800. The 25-day moving average overlaps with the previous consolidation platform, like an "iron wall". Let’s look at the volume. When it falls, the trading volume surges, which shows how fast the funds are running. ； When the rebound occurs, the volume shrinks again. Doesn't this clearly mean that the bulls have no confidence? So what should we do now? Old players all know that "shorting when the market is high" is the right way to go. If it rebounds to between 3650-3700, place a short order quickly and set the stop loss at 3750. If it really breaks through 3750, the trend may reverse, and you will change your mind at that time. If 3558 cannot hold, and it directly chases the short side to around 3450, the inertia of this wave of decline is not small. However, everyone knows the urinary nature of the currency circle. A policy or regulatory news from the Federal Reserve can reverse the market. Therefore, the position must be light when operating. Don't think that you can accurately copy the bottom and escape the top. Risk control is more important than anything else. To sum up, ETH is now in a rhythm of "shorts are partying, longs are lying flat", and it is difficult to reverse in the short term. Ordinary retail investors should not be carried away by the fantasy of "buying the bottom and getting rich", wait until the market stabilizes and their capacity is increased, otherwise they may become "takers". Follow me when the news is announced. Immediately issue instructions in the VIP group. Scan and issue the QR code to enter.  |
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