The analysis of #ETH is pretty spot on, but the bounce hit 786, which is a bit higher than expected, though it doesn't affect the trend.
Chart 1H4, continuing with the analysis, the bull's lifeline is at 2350. If the body breaks below that, it confirms a strong rebound from 1737, giving a solid opportunity to place a trend short. If it holds above that, we could see further gains, and possibly set new highs;
Chart 2H1, if the 1H support holds below or doesn't break at 2350, we’re still looking for a bounce. This is highly probable, but how high the bounce will go is still unknown; we can only take it step by step. The best strategy is to wait until Bitcoin reaches a good level before decisively cashing out and flipping to a short;
If there's a bounce, this is likely the last chance for a long position in over a month. After Bitcoin tops out, I will definitely hold my short positions and aim for the targets below.
Chart 1H4, continuing with the analysis, the bull's lifeline is at 2350. If the body breaks below that, it confirms a strong rebound from 1737, giving a solid opportunity to place a trend short. If it holds above that, we could see further gains, and possibly set new highs;
Chart 2H1, if the 1H support holds below or doesn't break at 2350, we’re still looking for a bounce. This is highly probable, but how high the bounce will go is still unknown; we can only take it step by step. The best strategy is to wait until Bitcoin reaches a good level before decisively cashing out and flipping to a short;
If there's a bounce, this is likely the last chance for a long position in over a month. After Bitcoin tops out, I will definitely hold my short positions and aim for the targets below.