Brothers, I am the lord. Today when I opened my eyes, the market was in a frenzy! ETH jumped directly from over 2800 to above 3000 in one night, and Bitcoin also returned to 92,000. The long-awaited big bullish candle must be making your heart race, worried about missing out and also afraid of chasing the high?
Don't rush, let's stay calm first. The rebound comes quickly, but the key is to understand why it comes and how far it can go. Last night's news was simply a set of 'combined punches'; we can analyze them one by one, and combined with the 2-hour K-line chart, the answer will naturally emerge.
The news has 'three consecutive strikes': this warm wind is not ordinary.
Giants open doors: Vanguard, the world's second-largest asset management company, has surprisingly opened Bitcoin ETF trading! This means that massive traditional funds now have a compliant channel to enter the market, which is long-term liquidity.
Central bank shift: The Federal Reserve confirms the end of 'tapering'; while the effects will take time, the market expects liquidity to become more accommodative. With more water, the boat naturally rises higher.
The captain's guess: Trump hints at possibly changing to a 'crypto-friendly' Federal Reserve chair, which the market loves as a dovish expectation.
Technical aspect: How far has the rebound gone? How high can it go?
Looking at the 2-hour chart, ETH's recent rebound is very strong, and it has now stood above 3030. But the real test is yet to come.
The road ahead has two hurdles:
The first hurdle is around 3250, where there was a dense trading area previously, and it is also the first strong resistance level of this rebound. Many who were previously trapped may choose to sell to break even here.
The second hurdle is the more distant 3580 high-pressure area, which is a major mountain that is difficult to overcome in the medium term and requires stronger momentum and more sustained good news to challenge.
Below, where is the support?
Recent support has moved up to around 2970, which is the first line of defense for the bulls. If it doesn't break on a pullback, the rebound trend can continue.
Deeper support is in the 2790-2620 range, especially 2620, which can be seen as the 'ultimate defense line' of this round of decline.
Personal opinion: Is it time to chase or wait?
In the face of such a sudden surge, retail investors are most likely to make two mistakes: one is to chase high after missing out, and the second is to rush to 'catch the top' at the early stage of the rebound. My strategy is very clear:
If you already hold: Congratulations, you now have the initiative. You can use around 3250 as the first observation point for reducing positions or setting a trailing stop profit. Take some profits off the table and let the remaining position aim for higher gains. Remember, before resistance levels, preserving profits and capital is always more important than chasing the highest point.
Remember the lord's words: In the early stages of a bull market or during a strong rebound, the best strategy is often not to predict the peak but to find a safe pullback entry point. Don't use your capital to test the strength of resistance.
The market changes rapidly. Want to get exclusive trading strategies? Quickly follow the lord; I will share more valuable insights in the village to help everyone avoid pitfalls and make money! Don't forget, the crypto market is risky, and following the right people is very important!#加密市场回调
