$ETH
This second pancake has cleared my position today,
Yesterday's hasty order was still inappropriate, after having news support and relying on market support and resistance, it's better to do less and focus on monitoring the market.
Regarding the current market situation, I don't have a particularly clear judgment either. From a technical perspective, below 2970 is basically a vacuum area, where prices jump up and down within the range, and the difficulty of operation is relatively high. On the other hand, there is obvious resistance above 3080-3100, where both bulls and bears are repeatedly contesting.
Overall, the current price is likely to maintain oscillation within the 2970-3100 range.
I also don't know how the masters and teachers in the plaza view this market.
True trend opportunities need to wait for a clear breakthrough or breakdown of this range to emerge.
However, from a technical pattern analysis, I personally believe there is a possibility of a daily level rebound. If the price can break through the 3100 resistance, theoretically, there is potential to reach the 3400-3500 area (potential bat pattern target). After all, the surge that started from the 2720 bottom has seen relatively ideal trading volume~ The most important factor is the speed.
It took 7 days to go from 2620 to 3100.
It took 1 day to go from 2720 to 3080.