Most of the time on Tuesday, the market was in a situation of mutual struggle between long and short positions. In terms of short-term trading, both long and short positions have decent space. During the day, the main focus of the short-term layout was around the long position, and in the evening, the short position of the big cake broke through the 70000 mark. In the case of short-term strength, we followed the trend and entered a wave of short-term decline. The breakthrough formation continued, which is a simple rhythm. Long-term followers of Shanhe Ge's strategy should have some understanding. In the evening, the big cake first rose to 71200, then fell to the 69320 level. Ethereum also followed the same rhythm of rising and falling. In the evening, Shanhe Ge first laid out short-term long positions near 70160 and 3599, and then took 790 points and 34 points of space, respectively. When the market broke through the 70000 mark, we adjusted our positions and followed the short position trend. This was also mentioned in the evening strategy. Short-term short positions near 69950 and 3585 also took 550 points and 34 points of space, respectively. So, the evening's long and short positions were accurately grasped. The short-term layout of three long and one short positions during the day was basically under control and all were successful. Following Shanhe Ge's real-time guidance will steadily improve your position.
From the 4-hour perspective, the coin price quickly fell after reaching a new short-term high, leading to a divergence at the top of the MACD indicator. After taking down the short-term new high point, once there is a high and then a fall, it is easy to cause a divergence in the indicator. The correction indicator needs some time, and it may enter a correction period in the short term. It could be a high-level correction or a deep adjustment correction, depending on the space. Currently, in the short term, it is in a downward decline. It is not ruled out that there will be repeated high and low explorations, and the short-term overall trend remains a small pullback. It is not a one-way decline, so it seems more gentle. In the short term, focus on the decline, and if there is a second high, pay attention to the deep space pullback after the high.
Near 70500-70300, you can directly short the big cake, with a target of 69000. Near 3590-3600, you can directly short Ethereum, with a target of 3500. For defensive measures, consult Shanhe Ge.
Whether you are a novice or an experienced trader struggling in the market, or seeking a stable and profitable trading method, or feeling confused about long-term, medium-term, and short-term investments, you can find me to improve your practical combat capabilities and survive in the market in the long run. You can follow the public account: Shanhe Ge Lunbi for real-time guidance and welfare strategies.
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