On the morning of the previous trading day, Ethereum rose to a high near 1660 and then fell under pressure. The market as a whole was in a downward oscillation during the day. In the evening, it sharply dropped to around 1616 before rebounding. Currently, the market is oscillating around 1635.

Yesterday, Changlu mentioned in the article and video that there was a tendency for a pullback in the morning market. It was suggested to observe the decline first, and consider entering long positions near 1615. Combined with the short-selling strategy provided by Changlu in real-time, friends who followed the operation could profit from both long and short positions.

Ethereum Market Analysis: Yesterday, the market once again failed to break through the daily moving average and tested the low point near 1615 in the evening. It is worth noting that as the market declined, the high points continued to decrease, while the MACD green volume bars remained in a strong volume trend. Will there be a potential bullish divergence? This will depend on the market's later fluctuations. It is advised not to excessively pursue short positions, and to focus on the support near 1605 below. Resistance near 1655 should be observed above.

In the 4-hour chart, the rebound in the morning market yesterday was suppressed by the downtrend line above. Despite multiple rebounds, it did not break the previous high before pulling back. In the evening, there was a downturn followed by a rebound at the support of the uptrend line. The current price is once again testing the resistance of the downtrend line above. In the short term, the market will be in a triangular area of oscillation and repair. Since today is Saturday, it is highly likely that narrow-range oscillation will be the main trend. In the morning market, observe the pullback first. If it does not break the support of the uptrend line below, consider entering long positions. As the low points of each pullback continue to rise, caution should be exercised when shorting, to prevent potential bullish divergence on the daily chart. Set up stop-loss orders.

Trading Suggestions: Real-time strategies are provided.

Reminder: The strategy is for reference only. Set up stop-loss and take-profit orders, and consider partial profit-taking and trailing stop-loss to protect profits and avoid excessive profit loss.

Follow more real-time strategies and pay attention to Changlu's Weibo @长路说币!

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