It was analyzed very clearly in the morning, if the early session doesn't break, the main line of the day must 📉, is there anyone with locked positions? $ETH
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Last night, Ethereum saw a surge in bullish momentum, with the price reaching the high point of 2200. After the US stock market opened, influenced by market shocks, there was a short-term pullback of 60 points. After several rounds of fluctuations, the current market has formed a box-like oscillation in the high point area, currently trading around 2160. From a technical perspective, the current high point area of 2200 has a structure of several consecutive long upper wicks on the hourly chart, and the appearance of a top and retreat indicates significant resistance for the bulls. Although there is an upward movement, it cannot sustain the increase, and the bearish resistance sentiment is intensifying. If the price tests the 2200 high point area again in the early session without breaking through, the main trend for the day will undoubtedly be bearish. It is recommended to follow up with shorts at high positions. Ethereum: Short around 2185, target 2090 Bitcoin: Short around 72600, target 71000$ETH
Last night, Ethereum saw a surge in bullish momentum, with the price reaching the high point of 2200. After the US stock market opened, influenced by market shocks, there was a short-term pullback of 60 points. After several rounds of fluctuations, the current market has formed a box-like oscillation in the high point area, currently trading around 2160. From a technical perspective, the current high point area of 2200 has a structure of several consecutive long upper wicks on the hourly chart, and the appearance of a top and retreat indicates significant resistance for the bulls. Although there is an upward movement, it cannot sustain the increase, and the bearish resistance sentiment is intensifying. If the price tests the 2200 high point area again in the early session without breaking through, the main trend for the day will undoubtedly be bearish. It is recommended to follow up with shorts at high positions. Ethereum: Short around 2185, target 2090 Bitcoin: Short around 72600, target 71000$ETH
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Yesterday, Bitcoin surged as bulls took charge at the daily closing line, with the price rising from 68500 to above 71000. During the European session, the price experienced a pullback, reaching a low of 69200, but the bears did not extend further. It quickly surged to a new high of 71700 on the hourly chart, and in the early morning, the price entered a correction phase, currently running around 69900. From yesterday's market performance, the price did not show a one-sided trend; the alternating highs and lows were quite tense. As the saying goes, 'amateurs watch the excitement, while professionals see the essence.' For most of the time, the market displayed an upward trend, but looking at the current price, it is still operating within the area of yesterday's starting point. The hourly chart also shows a clear M shape. Another important piece of information is that the CPI will be announced tonight; today may be a chance for the bears to raise their heads. In terms of operations, we can short from a high position. Bitcoin: short at 70200, target 68000 Ethereum: short at 2050, target 1960