ETH: After a short-term market rise, the effective resistance level is the range I mentioned earlier between 4420-4520 points. After the afternoon session, the market rose to test the high of 4520 points, but did not break through the upward resistance. Ether needs to implement take profit measures at the high point of 4520! I mentioned this in the morning session. In the evening, it is important to note that the trading range should not break, and the small trading range still maintains a high short strategy for layout!

In the morning session, I mentioned that the overall market performance today has been quite disappointing during the trading day, and there has been no effective breakout in the upward trend range. Therefore, the short-term range is moving downward, with the first target level being around 4420 points.

Last night's market saw a significant downtrend with large volumes, and the daily trend remains in a bearish retracement. This afternoon, the market is running at 4520 points, which is just above the short-term gap to be filled. I recommend short positions between 4500-4520 points, considering that some may not have positioned themselves at higher levels. Those looking to enter positions tonight need to be aggressive to capture the retracement profits. Given the current price, the stop-loss space above may be too large, so it's safer to control the position to around 4480 points in the short term. This is because the previous bearish ambush zone is located at the upper short-term resistance between 4480-4520 points. Once the market breaks above 4520 points, a risk management approach will be necessary. For those who haven't acted yet, we can wait and see if there will be an opportunity to enter above 4480 points!

Friends who are taking aggressive positions do not need to rush for now; as long as the space trend remains above 4450 points, the issues won't be significant. For those looking to add to their positions, consider adding near 4500 points. The upper defense level can be set at 4535 points!

If we look at the daily level of the downtrend, after breaking down below 4420 points, the market will further accelerate. The strategy for making trades in the short term is to hold short positions and wait to see if 4420 points will have an effective break below! If there is a significant breakout, the effective range below will return to a completely new range, and the bears will officially open up! Conservative friends still need to consider reducing positions at the 4420-point line. In cases where the trade position is too close, there will be no need to chase trades; instead, it is more necessary to wait further for the market to break through and set up.

The breakout of the trading range means that the market will primarily operate between 4250 and 4420 points. Hasn't it not broken? What I'm saying is that it has broken, and 4420 will be the high point for the top-bottom exchange. Currently, long positions are not very suitable; we will still maintain a high short strategy for evening trades! This is basically consistent with the previous mentioned trend. Long positions are not being considered for the time being!

Currently, the main issue is the failure to break through the 4420 point; the support at 4250 points is still relatively difficult. It is essential to pay attention to the support at 4420 points when adopting a high-level bearish strategy.

If there is an opportunity to reach a high point during the trading session, there is still a chance to catch a breakout market trend.

How is everyone's comprehension ability? Did you understand?

It's just that there is a problem with the sound, so I'm typing to communicate with everyone.

If there are basically no problems, the main approach is to think about going short. A point mentioned by Wangzhe just now is very practical. If there is volatility at the 4420 point, whether it breaks today or tomorrow is the difficulty. Therefore, positions that are too close to the 4420 support should avoid chasing the break, and it is still necessary to lay in wait in advance. If the opportunity arises, get in; if not, just wait. Either control the position above 4480, or there will be no profit space.

So everyone can take it as a reference, there's a pullback above, 4420 points is a normal reduction, after the breakout, you can add another position and look down at the target of 4250 points!
The overall market outlook is like this. If you have any questions, feel free to ask.

There is none, I will send it to the dynamics later, everyone who doesn't understand can go down and study it!

88
Off the air, everyone rest early!