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6.17 Market $ETH : It’s going up, so buy; it’s going down, so short. Do you guys like to see this kind of headline?
In reality, if you don’t wait for the key levels, jumping in at the current price just wears down your patience and capital. Beginners love to do this kind of thing, and doing so is the fastest way to exit the market. If you like to operate this way, go ahead, but don’t come to us for advice.
In Ethereum’s market, the direction is being chosen within this hourly consolidation. If it breaks below 1695, look for a rebound at 1675; if it breaks above 1950, 1980, then consider a pullback. To truly judge a direction, I think the probability of Ethereum going up is higher here, but if it goes up, pay attention to a pullback at 1950 and 1980 for shorting. However, since we haven’t yet touched the breakout trend line, there’s no need to chase longs for now.