Currently, the market price is at 61,900 points. The daily candlestick has fallen to a key support level of 60,000 points, with a double needle rebound. The rebound to the resistance level of 62,500 points has not been able to break through, temporarily sideways, waiting for the market maker to choose a direction. The trend on the 4-hour chart is slightly stronger, while the trend on the hourly chart is slightly weaker. The directions on different time scales are not particularly certain. If the market maker chooses to break through 62,500 points upward in the evening, consider going long with the trend. If it falls below the small support level of 61,600 points, consider going short with the trend. The important support level is at 60,000 points. You can go long near this level, but it may not provide an opportunity. Those who are particularly aggressive can take a small position to bet on a strong pump around 61,700, but if it falls below 61,400, a stop loss must be set. Maker operation can be done with a small position. ETH can go long a small amount around 2400, and you can also buy a small amount of Spot. Build a Position in batches. Keep 50% or 60-70% of the Spot for the medium to long term.
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Market analysis and trading strategies
Currently, the market price is at 61,900 points. The daily candlestick has fallen to a key support level of 60,000 points, with a double needle rebound. The rebound to the resistance level of 62,500 points has not been able to break through, temporarily sideways, waiting for the market maker to choose a direction. The trend on the 4-hour chart is slightly stronger, while the trend on the hourly chart is slightly weaker. The directions on different time scales are not particularly certain. If the market maker chooses to break through 62,500 points upward in the evening, consider going long with the trend. If it falls below the small support level of 61,600 points, consider going short with the trend. The important support level is at 60,000 points. You can go long near this level, but it may not provide an opportunity. Those who are particularly aggressive can take a small position to bet on a strong pump around 61,700, but if it falls below 61,400, a stop loss must be set. Maker operation can be done with a small position.
ETH can go long a small amount around 2400, and you can also buy a small amount of Spot. Build a Position in batches. Keep 50% or 60-70% of the Spot for the medium to long term.