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#eth 1.31 Intraday Market Analysis!!!
Market Overview [Weekend Volatility, Beware of the Next Two Days for Weekly and Monthly Opening Gaps] Respect the market, do not hold positions blindly, do not accept stop-losses, and avoid trading!!
ETH:
Intraday rebound resistance is at 2785-2824, a critical watershed. The four-hour chart needs to close above this range for a breakout. Above that, look for resistance at 2860-2896.
If the rebound fails to break through 2785-2824, the support below is at 2682-2660, which is very important. If it breaks below 2682-2660, support drops to 2630-2600. Be cautious around 2588-2570‼️❗️ (Summary: Above 2780 is relatively strong, below 2680 is relatively weak)
The big boss is slightly stronger. Key levels above are 945-955, below are 925-920. We mentioned last night in the live stream that my target for Bitcoin is 944-946, which has now been reached. I took partial profits on my long position at 819 as planned!
In terms of trading, both long and short positions are possible over the weekend. Refer to support and resistance levels!
High points: 2727-2740 (50) - 2774 (2785) - 2802 - 2824 (33) - 2858, watch for 2874-2888
Low points: 2682-2660 - 2635 (26) - 2600, watch for 2588-2570
Try to note more high and low points; until the move completes, these can be referenced!
Major levels: 2621-2580, if not broken, look up to 2832-2885-2960-3006, which should take about a week.
Major levels: 2621-2580, if broken downward, look down to 2569-2483-2370-2344, which should take about a week.
(Summary: Until 2621-2580 is broken downward, the bulls are still in control. If the daily closes below, expect to move into the lower range.)
The large range is likely between 2621-2588 and 2885-2906, with the midpoint at 2785-2820 as a watershed!!
OK, market points may have slight deviations. A few dollars near the levels are acceptable.
(Tangtang suggests this is for reference only) @everyone