Embrace cryptocurrency, go with the trend, hello everyone, I am Thirteen Ethereum. I shorted ETH at 2130 on Friday, aiming for 2060, and it was a perfect take-profit. Although Bitcoin did not reach the entry point, the short-selling idea was clear, and the target of 75,500 has already been reached. I believe friends who have followed my analysis have gained a lot!

Looking at today's market analysis, Ethereum dropped from a high of 2464 down to 2218, rebounded to 2423, forming a standard M-top pattern. Currently, the market is around 2107. The area from 2130 to 2150 was an important oscillation platform during the previous decline. If the price can stabilize here, it will turn the situation around and start a rebound. But at the moment, the three lines of KDJ are tightly bound at low levels, and MACD is still expanding in a bearish manner, indicating that the daily downtrend has not been fully reversed. The short-term rebound is more of a correction, so do not blindly chase the high.

It is recommended to short around 2110-2130, with targets near 2060-2030, and if broken, look at 2010-1980.

Bitcoin also rose from 64,930 to 82,800, forming a double top pattern, which is a fairly standard bearish signal. 75,000 is a key support level below. On Saturday, the price temporarily broke this level, then rebounded. However, 78,000 to 78,500 remains a resistance zone. It’s difficult for the price to break through this level in one go, so this is another opportunity to short. Similarly, on the four-hour chart, MACD shows increasing red bars, but KDJ has entered the overbought zone, indicating that the short-term rebound has reached a high point and may turn downward at any time.

It is recommended to short around 77,400-77,900, with targets near 76,500-76,000, and if broken, look at 75,500-75,000.

Market conditions change rapidly; strategies are for reference only. Use stop-loss and take-profit orders properly.
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