诗魂
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It's Monday, let's talk about the market:
Among the three major cryptocurrencies BTC, ETH, and SOL, the strength of the market is as follows:
ETH > BTC > SOL. Ethereum is still the latest, and SOL is still the weakest.
Speaking of the ETH 2600 level, it has actually been shorted once before, from 3100 to 2650.
This time, last Thursday morning at 8:00, I opened a short position at 3325. Some people have been asking me where to set the take profit? Firstly, the overall trend of the market is undoubtedly bearish, as I mentioned in the last live broadcast. The initial plan was to wait for ETH to break below 3180 to roll over and short, but ETH broke below 3180 with a large bearish candlestick, and it was a rapid decline. Under such a rapid decline, a rebound with some amplitude may occur, so I held back from rolling over.
If the daily level ABC rebound wave has completed, then according to expectations, we need to start a new downward wave 8. The weekly K-line closed with a shooting star, indicating that the bearish sentiment still prevails overall last week.
However, it should be noted: the current four-hour level may have a rebound, and this rebound may have some amplitude, but remember it is just a rebound.
The trend is a downward trend, so logically, there shouldn't be any long positions taken. The current naked K situation suggests that 2620 is definitely not a bottom. The weekly K support is at 2617, and the subsequent plan is just to wait for the price to break below 2617 before proceeding with rolling over. Once the price breaks below 2617 and stabilizes, 2100 is inevitable.
Andy Lau has unblocked 90%. If you can hold your short position and it breaks below 2617 to roll over to 2100, then you will definitely have a great year.
One more thing to mention, I've been watching the 2100 level for a long time, and it can be considered a milestone target.
Among the three major cryptocurrencies BTC, ETH, and SOL, the strength of the market is as follows:
ETH > BTC > SOL. Ethereum is still the latest, and SOL is still the weakest.
Speaking of the ETH 2600 level, it has actually been shorted once before, from 3100 to 2650.
This time, last Thursday morning at 8:00, I opened a short position at 3325. Some people have been asking me where to set the take profit? Firstly, the overall trend of the market is undoubtedly bearish, as I mentioned in the last live broadcast. The initial plan was to wait for ETH to break below 3180 to roll over and short, but ETH broke below 3180 with a large bearish candlestick, and it was a rapid decline. Under such a rapid decline, a rebound with some amplitude may occur, so I held back from rolling over.
If the daily level ABC rebound wave has completed, then according to expectations, we need to start a new downward wave 8. The weekly K-line closed with a shooting star, indicating that the bearish sentiment still prevails overall last week.
However, it should be noted: the current four-hour level may have a rebound, and this rebound may have some amplitude, but remember it is just a rebound.
The trend is a downward trend, so logically, there shouldn't be any long positions taken. The current naked K situation suggests that 2620 is definitely not a bottom. The weekly K support is at 2617, and the subsequent plan is just to wait for the price to break below 2617 before proceeding with rolling over. Once the price breaks below 2617 and stabilizes, 2100 is inevitable.
Andy Lau has unblocked 90%. If you can hold your short position and it breaks below 2617 to roll over to 2100, then you will definitely have a great year.
One more thing to mention, I've been watching the 2100 level for a long time, and it can be considered a milestone target.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.