Under the strong light, there are no clouds, and the sun is something you can never block.
I want to dance with Dabing, just for a certain look from you. 24-hour real-time guidance, helping to quickly turn over positions.
Dabing was in a narrow range operation on the 4-hour chart over the weekend, until the market started to exert force early this morning. Compared with the previous trend, the market is concentrated near the support at 35,300-35,500, with resistance at 37,200-37,400. It is in a limited space within the range, accumulating power for a potential breakout. The morning's increase is currently much greater than the subsequent decline. Therefore, I believe that there will be a certain degree of short-term decline in the later period. In terms of the overall daily cycle, the upward trend has not stopped, and it will continue to break through. It is important to focus on the resistance level near 38,000-38,500 as a turning point.
Ethereum's trend is similar to Dabing's. From the daily chart, the market has tested the support level near 1,930 multiple times. The candlesticks have consecutively shown long downward shadows for 5 days. During yesterday's upward process, the market did not achieve a breakthrough and the subsequent decline was less than the increase. At this time, the KDJ indicator on the attached chart shows the three lines converging and turning upward, although the MACD lines have crossed downward, there are signs of a slowing downward trend. From a trend perspective, I believe that the short-term market will continue to oscillate slightly downward, and then continue to challenge the new high of the day at 2,012. In terms of support, it is prudent to focus on the area near 1,910-1,930. For more aggressive traders, the short-term support range near 1,960-1,980 can be considered for initial positions. For short-term selling, it may be prudent to consider the resistance near 2,080.
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This article is exclusively created by Teacher Cheng Cheng, specializing in styles: mobile lock-up warfare focusing on support and resistance at high and low levels, short-term band high and low levels, and medium to long-term trend trades.
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