Currently in a rebound phase; it’s important to view this rationally — this is not a bull market signal, don’t be blinded by short-term gains. On the daily chart, around 91,500 is an important resistance level. A successful breakout would next target 93,500.
The four-hour timeframe is more interesting. The price has reached the upper Bollinger Band, and the MACD is about to form a golden cross, but there are signs of a slight downward move. This position could be used to speculate on a roughly 1,000-point pullback.
**Ethereum Performance**
Missed the short entry at 150 last night; the price eventually dropped to 149, which is a bit disappointing. Later, a short was taken at 3,050, resulting in a 25-point loss.
The four-hour structure is consistent with Bitcoin, so I won’t go into detail. For those who entered long at 3,030 based on previous analysis, this wave should have yielded good results. The key now is to hold above 3,030 and see if it can reach the 140 region.
**ZEC Summary**
The short at 506 finally turned profitable, and closing the position was a safe move. This trade was held from last week until today, and it finally paid off.
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WagmiOrRekt
· 17h ago
Haha, this rebound really requires some calmness. Don't be fooled by the percentage increase.
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If 91,500 can't be broken, we just have to wait a bit longer. There's no need to rush.
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It's really a pity that I didn't catch that 150 order. Just a little bit more.
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The 3030 level still needs to be defended; otherwise, everything is pointless.
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Holding for so long, finally turning from loss to profit, how steady must your mindset be?
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The MACD golden cross is about to turn south again. This position is indeed quite interesting.
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Those who bought long at 3030 earlier should be very happy now. Congratulations to everyone.
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Holding a position from last week until today, this patience is truly commendable.
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As long as the upper band of the Bollinger Bands isn't broken, there's no hope. But even if it's broken, it doesn't necessarily mean success.
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Losing 25 points is quite uncomfortable, but this is what trading is all about.
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POAPlectionist
· 17h ago
Wait, didn't catch 150? Then you should take this 3050 order, losing 25 points isn't unjustified.
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SmartContractRebel
· 17h ago
That deal 506 was really amazing, I held it in for a week and finally vented, so satisfying.
Today’s market overview for your reference.
**Bitcoin Trend**
Currently in a rebound phase; it’s important to view this rationally — this is not a bull market signal, don’t be blinded by short-term gains. On the daily chart, around 91,500 is an important resistance level. A successful breakout would next target 93,500.
The four-hour timeframe is more interesting. The price has reached the upper Bollinger Band, and the MACD is about to form a golden cross, but there are signs of a slight downward move. This position could be used to speculate on a roughly 1,000-point pullback.
**Ethereum Performance**
Missed the short entry at 150 last night; the price eventually dropped to 149, which is a bit disappointing. Later, a short was taken at 3,050, resulting in a 25-point loss.
The four-hour structure is consistent with Bitcoin, so I won’t go into detail. For those who entered long at 3,030 based on previous analysis, this wave should have yielded good results. The key now is to hold above 3,030 and see if it can reach the 140 region.
**ZEC Summary**
The short at 506 finally turned profitable, and closing the position was a safe move. This trade was held from last week until today, and it finally paid off.