On October 17th, the intraday market for Ethereum has changed to a bearish trend.

Recently, the market has become more active, and the operability has increased accordingly. It can be seen that in yesterday's market, under the influence of false news, a one-sided move of nearly 3000 points and a two-sided move of over 6000 points were made. In this extreme market, it is indeed difficult to grasp. I don't know if there really are people who can perfectly control both long and short positions. Personally, based on the overnight bullish strategy, I successfully held a long position and gained over 600 points. It can be considered that I have gained something of my own in this market. Some things cannot be rushed, as being too hasty can easily lead to mistakes.

From the current daily chart, it can be seen that the market has formed a large bullish candlestick with a long upper shadow of nearly 2000 points, indicating the continued strength of the bulls. It has been mentioned before that the recent strategy is a bullish market, and a volume expansion has also occurred. The current market is still oscillating near the upper rail on the daily chart. The weak strength of the red volume bar also indicates that even if there is a pullback, it will not be significant. The intraday strategy still focuses on the bearish side.

Bitcoin: Long at 28200-28000, target near 28900

Ethereum: Long at 1585-1575, target near 1630

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