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#ETH [Heart] BTC failed to break through the 68000 resistance level last night and rebounded. Today, the bottom support is confirmed as planned, and the support is currently at the 66000 level. Follow the strength of the rebound at this level, and long positions will continue only if they stabilize above 66800-67000. Otherwise, it will not be able to effectively break through and stabilize, and a downward trend will appear in the evening. At that time, follow the 65500-66000 support. If it falls below, pay attention to the 63000-64000 support. The overall trend has not yet shown a top signal, and there is still an opportunity for further upward movement after the short-term consolidation. Once it breaks through and stabilizes above the 67800-68000 resistance level, the resistance will return to the pump trend, with future targets at 69500/70500.
[Love] ETH2660-2680 has been under attack for a long time, but has not yet broken through. Today, it is linked with BTC to confirm the bottom support. Currently, the support is at 2550-2570, with a follow of 2600-2610 resistance in the evening. It will only continue to rebound if it stands firm above, otherwise it will continue to explore the bottom. The support below is at 2550-2570, and if it is broken, it will look towards the vicinity of 2500-2520. Just like BTC, after completing the short-term consolidation, ETH will continue to rise. Once it breaks through and stands firm at the 2660-2680 resistance, the target will be 2800/3000.
[Love] Spot Strategy:
1: Those who have temporarily reduced their positions are not taking any action, waiting for another lower point. Look at the support near 65000-65500 below. If this level holds during the pullback at night, you can try to get on board. If it breaks through, wait for a lower point near 63000-64000 to start adding positions.
2: Those who did not reduce their positions yesterday can continue to hold 70% of their positions. If it falls to 63,000-64,000 later, increase the position by 20%, get on board, because your position is already considerable. So, if it stabilizes around 65,000-65,500, there is no need to increase it further.
3: If longs show strong Rebound action at night, those who hold Heavy Positions should continue to follow the resistance level of 67800-68000, hold their Spot tightly after breaking through and stabilizing, and continue to consider 69500/70500 as future targets. If the resistance level is still not broken, swing traders can continue to profit by reducing their Positions.
4: For those who have profited from reducing their positions before ETH reaches 2660-2680, if you want to establish a new position, you can start buying around 2500-2550.
5 points: The Federal Reserve will release the 'Beige Book' report on the economic situation at 2 am. There will be market data Fluctuation at that time.