Futures
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$ETH
Yesterday's review
Yesterday, there was a quick stretch that just hit the given four-hour trend line, leading to a direct drop of 400 points. Missing the 400 points is fine, as getting the previous low should always be okay, right? Those who followed along must have enjoyed it.
Today's Analysis
This wave of decline has broken the previous uptrend, and this decline is very healthy without any divergence. For now, do not try to catch the bottom. The rebound short positions are at 3309, 3358 (be sure to pay attention to this level), and 3406 (for order placement). If the four-hour closing stabilizes at 3406, stop loss.