$ETH Dog ETH Strategy Contract Operation Analysis: Tracking 【12.16】
Brother Ma Ji. Long positions have exploded again; we can go long now!!!
Just kidding, not much longer, it is still a bear market. Interest rate cuts (bearish), Christmas (project party unloading bearish), BlackRock unloading, and the spot ETF continues to have net outflows.
I can't find a reason to go long.
Let's review first, 【see referenced article】, the last ETH analysis was on the 12th and 13th. The view at that time was to short at 3110. If 3110 cannot hold, then short at 3170. Both positions have seen pressure now. Both short positions can yield a profit, especially the 3170 position which directly fell to our target starting with 28.
Of course, I didn't do this because I was sick and usually take care of the kids on weekends.
As for the current position, I still do not see any rebound patterns, volume, or trends.
So it remains simply to watch the 2900 position for a range-bound movement and then a decline.
Intra-day, we are currently taking short longs. Entry position 2918. Target 2960~3000
Short target. 3960, 3000~3030
The lower target remains at 2800
