Good morning to all fans of Gate.io, the first blessing to you, Ultraman sincerely wishes all fans a happy Mid-Autumn Festival, good luck, family well-being, and a simple life until 99!

Yesterday's early plunge was followed by a rebound in the European session, but it failed to hold steady. The American session continued to decline, reaching a low of 57500 before bouncing back. Following the perfect bearish signal in the evening, short-term gains of 1000 were captured. Subsequently, swing trading signals were provided, turning the situation around. At present, there is a bullish signal for short-term support, with three bearish signals on the daily chart, but the trend has not completely reversed yet!
Technically, in the short term, the performance is relatively weak. Since the high point of 60600, there has been a continuous three-day adjustment pace ◇ The lowest point is 57500◇ 3100◇. Fortunately, it has not exceeded the scope of a unilateral decline, and it is still in the trend of adjusting from 52000 to 60600. If we define the band interval, the current pattern is oscillating. The big yang of the weekly chart has not been completely swallowed, and the daily chart's middle rail area of 57000 is still supported, so it is not an extremely weak link.
For today's short-term perspective, the rebound in the early morning was not strong. If there is a second strong push during the day, it will be before 6 o'clock in the European session if there is no early trading. After the push time of the day, there is a possibility of a continued decline in the U.S. session. Looking at the support, the lower rail and moving average support at the 4-hour level are held, and the indicators show a slight slowdown. In the early trading, you can try to follow the support area of 57500 first and look for a bullish rebound, first looking at the high point of 59200 of yesterday's first rebound pressure, followed by the integer level of 60000 area.
In terms of Ethereum, recently there have been more follow-ups, and the taste of mediocrity needs to be driven, so you can operate the big cake synchronously. Pressure at 2410, support at 2250!