$BTC $ETH
Today's short-term market analysis
ETH current price around 1663, 24h drop of about 4.89%, price is already close to the 24h low around 1663, with short positions clearly dominating. Currently, we need to watch the 1660 support closely; if this level fails to hold, we are likely to test the 1640-1600 range further down.
Current strategy: If we see a bounce but it fails to break resistance, continue to look for shorts. If we reclaim key resistance, then consider a short-term long.
Long positions:
Entry point: Enter light on a stable 1685-1700
Stop loss: 1658
Take profit: 1725 / 1760
Short positions:
Entry point: Short if it breaks below 1660 or if it retraces to 1685 without breaking
Stop loss: 1705
Take profit: 1640 / 1600
Long/short ratio reference: Long 35% / Short 65%
Short-term summary:
ETH's current trend is weak, with prices close to the lows, and bears are still in control. Until we reclaim 1700, I don't recommend blindly chasing longs; focus on light positions, quick entries and exits, and strict stop-losses.
Today's short-term market analysis
ETH current price around 1663, 24h drop of about 4.89%, price is already close to the 24h low around 1663, with short positions clearly dominating. Currently, we need to watch the 1660 support closely; if this level fails to hold, we are likely to test the 1640-1600 range further down.
Current strategy: If we see a bounce but it fails to break resistance, continue to look for shorts. If we reclaim key resistance, then consider a short-term long.
Long positions:
Entry point: Enter light on a stable 1685-1700
Stop loss: 1658
Take profit: 1725 / 1760
Short positions:
Entry point: Short if it breaks below 1660 or if it retraces to 1685 without breaking
Stop loss: 1705
Take profit: 1640 / 1600
Long/short ratio reference: Long 35% / Short 65%
Short-term summary:
ETH's current trend is weak, with prices close to the lows, and bears are still in control. Until we reclaim 1700, I don't recommend blindly chasing longs; focus on light positions, quick entries and exits, and strict stop-losses.