Mr. Coin's Message: Those who do not plan for the whole situation are not enough to plan for a domain. The market is ever-changing and unpredictable! Keep your mind steady, observe the situation, plan before taking action, do not be disturbed, do not be trapped by emotions! Only by strategizing behind the scenes can one win a thousand miles away. Three consecutive victories, the article can be checked, accurate layout once again received rice, when the market opportunity comes, we must seize it well. Do not create opportunities when there are none, do not engage in battles without certainty. Opportunities are always left to those who are prepared. When uncertain about the market, we should patiently wait instead of acting blindly. During the waiting process, we can continuously learn to understand the market and improve ourselves, so that we can better seize the opportunity when it comes.

Intraday market broke through and went down for a probe, the support moved down to the 60000 level. Overall, the trend is still weak, so we need to be cautious about the price breaking through and further downward probing, leading to the continuation of the downtrend at the daily level. Currently, there is no suggestion to go long on rebounds after a breakthrough.

Short-term hourly chart shows that the Bollinger Bands are opening downward, and this morning's rebound did not close below the lower band, and the price rebound did not break through the 4-hour middle band suppression. There is no change in the pattern after the short-term breakthrough, and the price is currently running at 61100. The short-term trend is under pressure for a pullback, the upward momentum is gradually weakening, and it is expected that the pullback will continue, so for now, it is not recommended to go long, and it is prudent to wait for a rebound to enter the market. The upper resistance is at 61300-61500-61700 levels, providing an opportunity for short positions on rebounds, with a stop loss of 300 points and a profit target of the area below 61000. For long positions in the short term, first pay attention to the breakthrough of 60800. If it breaks through, pay attention to 60000-60200 for a light position, with a stop loss of 300 and a profit target of 300-500 points.

Intraday, Ethereum rebounded slightly in the morning, but the price did not break through the 3430 resistance level. The intraday trend is weak, and the price is currently running near 3360. The short-term trend signals a pullback, and if it falls below the 3300 level, it is expected that the downward trend will continue, so all coin friends should be prepared. Secondly, it is necessary to focus on the 3300 support area intraday, and if it breaks, there is a possibility of testing the 3200 level.

On the short-term hourly chart, the market is under pressure from the 4-hour middle band for a pullback. Currently, based on various indicators, there are two probabilities for the future market. If the downside space is opened, there is still a possibility of further decline, so it is still recommended to focus on short positions for prudent operations. The upper resistance is at the 3390 level, and short positions can be entered at 3380-3400 on rebounds, with additional positions added at 3460 after a breakthrough, with a stop loss at 3475 and a profit target of 50-80 points. If it falls below the 3320 level, consider adding a light short position, with a profit target of 30-40 points.

The strategy is for reference only, and the timing of the points is time-sensitive. There is a delay in posting, so please refer to real-time market conditions. Once again, it is emphasized to manage risks well. No matter how high your judgment and certainty about the future market are, make sure to set your profit and stop-loss levels!

This article is exclusively written by the senior analyst Mr. Coin. The author has been studying financial market investments for many years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other coin circle contract spot operations. The mentor has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes on capital management and risk control, and has a steady and decisive operating style. He is recognized by a large number of investment friends for his amiable and responsible character and decisive operations. If you need to know more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the mentor.

—This article is written by Mr. Coin in the coin circle, refusing to plagiarize, respecting originality!

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