ETH consolidating and shaking out! Watch for the bottom at 2950, the top at 3050. As long as it doesn't break the range, trading within the range is possible.
Market Analysis Today The 1-hour Bollinger middle band is acting as resistance. Bullish momentum tested the 3000 resistance twice. Last night, it repeatedly tested the supports at 2980, 2970, and 2960. The 4-hour middle band support was not broken, and the daily closing indicates that bullish momentum remains around the middle band. Today, the focus is on buying on dips; the market above 2940 is mainly long positions. Long positions around 2940-2950 are closed near the first take-profit level at approximately 3000, with a breakout aiming for 3100.
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Ethereum Space 3030, stop loss 15 points, take profit 30 points, can reduce positions for a small top bearish breakout below 3000, long-term hold. Near the limit at 3130, stop loss 20 points, betting on the top. No take profit, no reduction, long-term hold until around 3000. Long position at 2955, bounce and run, stop loss 10 points. Pending order at 2928, stop loss 15 points, take profit 30 points. Near the limit at 2840, sudden drop, stop loss 20 points, betting on the bottom, no take profit.
In the short term, I recommend mainly buying on dips and holding multiple orders. For the long term, you can choose to blindly buy around 81,000. Keep the liquidation price below 60,000 to ensure profitability. I believe Bitcoin can reach around 135,000 next year. Even if you're slightly trapped, don't be afraid. Recently, always set stop-losses on short positions. Once the market moves, it won't turn back. I know no matter what I say, some won't use stops, but please use isolated accounts and don't gamble your entire assets on a fall. It's safer to buy in batches. For Bitcoin short positions,
Dear fam, if you are trading, please be cautious. You can take a look at how I steadily trade with a small amount of capital. How to grow 1000u capital.
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