Look at this two-candle chart, just one feeling: not awake. The price is stuck at 1789, with sparse orders, only +852 contracts in the order book, basically a tie between bulls and bears. The combined bid and ask are only 600 contracts, just a few thousand dollars could break through. Indicates no one is trading now, liquidity is very poor.



Transactions are even more obvious, at 09:42 only 2 contracts traded in one deal. Such a low-volume chart, both up and down are false signals. In the short term, it will fluctuate within the 1750—1840 range, unable to break through without volume.

Trading suggestion: pull back to around 1750, if signs of stabilization appear, go long with a small position to catch a short-term rebound.
When the rebound reaches near 1840, and resistance causes stagnation, go short with a small position. Both sides are small gains, don’t be greedy, enter and exit quickly. This kind of market is for earning pocket money, don’t expect a big feast. #我的Gate交易时刻 $ETH
ETH-1.71%
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