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The market is always rotating, and the key is to understand the signals in the rotation. Just like the current trend of ETH rebounding from 3677 to 3840, it seems to be taking off, but in fact there is a mystery behind it. Current market analysis: There is a mystery behind the rebound The hourly K-line chart of ETH shows that the price has rushed from the lowest of 3677 to 3840. It looks quite fierce, but Lao Zhao tells you that this rebound is mainly due to two reasons: First, 722 million long positions were liquidated near 3700, which triggered a large number of buying orders.； Second, U.S. technology stocks have plummeted, and funds may flow back into the encryption market. But the key depends on the pressure level of 3880. If it fails to rise, the market is likely to continue to pull back to test support!  Key position game: stand at 3880 or fall back to 3660? ETH is now oscillating around 3840, and 3880 above is the key. Lao Zhao’s point of view is very clear: If the rebound cannot stand firmly at 3880, then this rebound will be a paper tiger, and there is a high probability that it will continue to fall to test the 3660 support. Only if there is a strong breakout of 3880 will the bears weaken and target 4050 or even 4200. However, the current rebound in trading volume indicates a lack of confidence in the market, and everyone must be careful to pursue higher prices. For example, in a similar situation last month, ETH rebounded to the pressure level and then crashed directly, and many retail investors were trapped. Therefore, before the key level is broken, don’t go all in easily! News impact: Is Fusaka’s upgrade a blessing or a curse? Big news is coming! Ethereum will launch the Fusaka upgrade on December 3, which will improve the security and scalability of the chain, which is definitely a good thing in the long run. But what about the short term? Lao Zhao feels that there may be a wave of speculation in the market before the upgrade, but the main funds are often borrowed to facilitate shipments. If retail investors blindly follow the trend, they can easily become takeovers. Looking back on the upgrade last year, the price first rose and then fell, and many people suffered heavy losses. Therefore, don’t just look at the news, you must combine it with technical operations.  How should retail investors play? Lao Zhao teaches you a few tricks 1. Set a stop loss and take profit: If you go long, set a stop loss near 3660, and add additional positions if it exceeds 3880.； If you are short, place your position near 3880 with a target of 3660. 2. Pay attention to capital flow: Big funds are still waiting and watching, so don’t worry as small investors. 3. Don’t be greedy: The most taboo thing about currency speculation is chasing the rise and killing the fall. Lao Zhao has seen too many people make losses because of greed - remember, preserving the principal is the best way! Will the market outlook reverse? Can ETH’s rebound come true? Lao Zhao believes that it depends on whether the trading volume can keep up during the rebound. For the current market, the Fed's hawkish remarks are still affecting the overall market confidence. Before the bulls reach a consensus, do not blindly buy the bottom and go short on the highs! If you always feel that the market is one step behind, always falling when you buy and rising when you sell, then let me tell you, you are not lacking analysis, you are lacking a professional guide who can remind you in real time that "the opportunity is coming" and "run fast"! Do you want to know how I, Old Zhao, led my brothers to avoid needles and precise ambush in the village? Follow Lao Zhao, Lao Zhao will announce the specific entry time and real-time news in the village every day!  |
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