Market Review:
This week's overall trading can be described as a mix of joy and sorrow. By the end of the week, there was not much profit to speak of, as the profits made in the first half of the week were given back in the second half. The main reason for this reversal was a misjudgment of the support level below, which led to a wave of losses. Fortunately, the losses were within a manageable range. Overall, this week saw a rebound followed by a second confirmation of the bottom, and after confirming the bottom on Friday, the market began to slowly move upward.
Market Analysis:
After confirming the bottom again on Friday, Ethereum has shown a slow upward trend. Following a day of fluctuations on Saturday, today it broke through the downward pressure line formed by the drop from 10-11, finally indicating a new direction. Based on this trend, Ethereum only needs to pull back to confirm that this breakout is valid, and then it will challenge the key resistance level at 4280. The 4280 level is also crucial for whether Ethereum can rise again and refresh its high point. As for short-term trading, I plan to open a long position around 3880 during the pullback, first observing the breakout situation at 4280 before deciding on the next steps. My stop-loss will be set below 3830.
Of course, the above is just my personal opinion and does not represent everyone's investment views. If you need to discuss, you can contact me: I am Zhang Xiaoming (public account).
Author's Note:
Trading does not have absolute right or wrong; analysis is merely a pre-judgment. The key lies in finding real-time opportunities based on market changes. Everyone's viewpoint cannot be the same. If you have your own judgment, please trust it. If you choose to follow someone, then follow them to the end. This is personal advice and is for reference only.
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