Brothers, after a day of rest yesterday, we fight again today. The daily chart has shown two consecutive bullish lines, currently at 105500, and ETH is around 2513. The daily chart has broken the downward trend line, directly reversing in a deep V shape. Fortunately, it signaled a high position margin replenishment, otherwise we would have stumbled at the last hurdle this week, ending a two-week winning streak. The upper resistance is seen at 106000 and the neckline resistance at 106800. The lower support is seen at 105000 and around 103800.
Every Friday is eventful, and this Friday is no exception. First, a bunch of information causes a sell-off, then it reverses, and over the weekend, it gradually rises again. The daily chart MACD shows a shrinking red bar below the waterline, with trading volume decreasing and KDJ turning upward. The 4-hour MACD's increase is slowing down, trading volume continues to decrease, and KDJ is turning downward, aiming to form a death cross. The hourly chart's divergence signal will be stronger, but the hourly level is also relatively fragile. The strategy can be to short at high levels relying on the upper resistance, or to buy at low levels to catch a bounce. The high-level shorting is the last short operation; if the two upper resistances break completely and stabilize, then the subsequent strategy will adjust to follow the main bullish rhythm.
105000-5300 long, 104500 Margin Replenishment, look at 106000 then look at 106700 if the strength is strong look at 108500, defend near below 103700.
High Kong's thinking:
106500, Margin Replenishment 107000, watch 105300, look at 104500 if the momentum is strong, watch 103900, defend near 107500.
Regarding ETH: the daily chart box oscillation is still ongoing, the macd red bars are shrinking under the water, trading volume is decreasing, and the kdj is turning upward in the oversold area. The 4-hour macd is expanding above the water, trading volume is decreasing, and the kdj is about to turn downward for a dead cross in the overbought area. The signals at the hourly level will be stronger. The first resistance above is at 2570, and the second resistance is at 2590. Currently, it is in the middle of the daily chart box, and this position can go either up or down.
High-Kong thinking:
2540-50 range, Margin Replenishment at 2570, looking at 2500, with a second target at 2470, support around 2590.
Low Dodo strategy:
2500 long, 2480 margin replenishment long, look at 2560, look at 2595, look at 2645, support near 2457 below