$ETH
Today's market is relatively unclear; 3300 has support, but that doesn't mean it will definitely hold. One reason is that based on past Black Fridays, we often see a black swan event. However, this can't be used as a basis for placing orders. The rise has already slowed down, which is also after several days of increases. I mentioned yesterday that 3400 is the first resistance. If we can't break through 3400, we will see a correction in the next half month. However, before confirming a decline, we first need to break through around 3260, so the cost-performance ratio for short positions will be higher. But we also need to pay attention as it will repeatedly approach last night's 4-hour pressure point of 3385, so we don't need to be too aggressive with short-term positions; 3340 is the extreme stop-loss point! In case of a loss, we can continue shorting if the price rises again because the risk factor of opening positions at this pressure level breaking 3400 is too high and not worth it! So for today, we will temporarily maintain a bearish outlook! This means a short-term position of 30 points is sufficient.
Below is the one-hand strategy chat room, see you!
