Jin Yifan: If Bitcoin and Ethereum fail to break through the four-hour closing line, I will decisively short.

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老金
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1 year ago

Ethereum has been on an overall upward trend, reaching a high of 3135 and encountering resistance. After oscillating in the four-hour timeframe, it broke through multiple resistances along the MA7 line. In the short term, it temporarily stagnated with a doji candlestick, and it is expected to experience a pullback. Attention should be paid to the MA7 moving average, and if it is not broken, the upward trend will continue. Do not blindly enter short positions, and the daily timeframe shows a continuous upward trend.

Although the bulls are strong, do not chase long positions at high levels. It is expected to continue after just breaking through the oscillation area. Pay attention to the pressure zone of 3185-3280, and the strategy suggests focusing on long positions on pullbacks and short positions at high levels.

Trading advice: If Ethereum does not decisively break through 3140 by the four-hour closing at 8 p.m., go short with a target of 3070.

For Bitcoin, it is recommended to focus on short positions at a high level of 51750, with a short-term target of 50700.

  • I am Jin Yifan, a "teacher" dedicated to analysis. Friends who have questions about trading or trends can learn and discuss together! The publication review has timeliness. For specific strategies, follow the official account.

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