What to do when the adjustment ends?
If the market moves according to the analysis above and reaches a new high, you must not chase it. Additionally, when the adjustment wave ends, all spot positions must be liquidated.
It is very important to set up short contracts at potential turning points that may appear during the adjustment wave; there are opportunities for doubling.
The above are some personal views on the possibility of ETH reaching a new high again, for reference only. Subjective analysis is not a trading key and should not be used as a sole basis for trading; risk control is always the top priority. At the same time, be aware that if the market does not move as expected and goes directly to a new low, it means the above analysis is invalid, and the response will be another plan.
BTC is similar to ETH, but the structures are still different. If interested, you can discuss it with Yi Ming.
