Brothers, I am Mig.
$ETH The white and yellow line has returned above the zero axis, the golden cross is faintly visible, but do you think this is stable?
Wrong, tonight's trend may be hidden in the 'news' that you don't understand.
First, look at the news; this is not idle chatter, it's a weather vane.
Today, the most significant factor is not the technical chart, but the Federal Reserve's 'tap' may quietly open again.
Some institutions predict that the Federal Reserve may start purchasing hundreds of billions of U.S. Treasuries monthly from early next year. What does this mean? Market liquidity will increase; where will the money flow? Don't forget that previous wave of liquidity; how did BTC and ETH rise?
Although the crypto circle does not talk about martial virtue, you must understand the direction of big money. Liquidity expectations + technical golden crosses, this is the confidence of bulls.
But if the key position hasn't broken, don't celebrate too early.
Currently, ETH is on an upward trend, no doubt, but 3230 is the first touchstone. If it can break through with volume, then we can look at 3500-3580.
What if it can't go up? Support looks at 3050-3010, which is the lifeline for the daily pullback. If it doesn't break, continue to look for a rebound; if it breaks, don't hold on stubbornly, as 2910 and 2800 are waiting below.
What should retail investors do now? My suggestion is:
Hold on to your positions, don't make random moves, as long as the trend isn't broken, don't scare yourself.
If the pullback stabilizes at 3050-3010, take a light position to buy, set the stop loss at 2980, and aim for 3230.
If it breaks through 3230 directly, don't chase the high, wait for a pullback to enter, or simply wait for around 3500 to ask me for a short strategy.
Remember one thing: trading cryptocurrencies is not about betting on direction, it's about betting on probability + managing positions. You can be bullish, but also think about what to do if it drops. Never let a single trade hurt your capital.
Mig's personal opinion: The current daily level still maintains a bullish trend, pay attention to the support area of 3050-3010. If there is no effective breakdown in this range, continue to look for a rebound trend. The upper target is first set at 3230. From the weekly level, the pressure is in the range of 3500-3580. If the rebound touches this range, medium to long term can set up short positions. If the daily closing price breaks below the support range of 3050-3010, it means the daily bullish trend is invalidated, and the market is expected to trend down, subsequently pay attention to the support levels of 2910-2800.
What I share every day is not only the market situation but also news interpretations like this, position management rules, and stop loss techniques. Why can some people always escape the top and bottom? Because they look not only at K-lines but also at logic and trends.
If you also want to know in advance about my layout plan for short positions around 3500, or want to learn how to judge trends using 'news + technicals', follow Mig, who will announce the daily cryptocurrencies, entry points, and exit timing in the chat room and village!!
