#ETH Observation of the Market Trends (

Conclusion: The Nasdaq's trend is within expectations. Due to the excessive fall, a Rebound is needed to offset the cost of the fall. BTC can be shorted at the current price, but it is a short-term position. The stop loss should be set at 57640, first see if 56400 can fall through. If successful, continue to hold the reduced position until 55400. ETH's Rebound is relatively weak, so there are no conditions for shorting. Don't touch ETH for now.
In the mid-term market data, BTC has a strong rebound and has broken through the recent resistance near 56000. The MACD has successfully reversed, and the MA60 moving average will start to reverse downwards tomorrow or the day after tomorrow, indicating that the next trend is likely to continue downwards. BTC is still oscillating within the range. It has not yet fallen below the low point near 54000, so it is not considered to have entered a downtrend.
In the 12-hour market data, the Reboundpump trend continues to strengthen, but the price has already hit pressure around 57500, which is a defensive level. That is, the position that can not be broken, the deviation has been repaired a lot, there is no longsvolume in the intraday for the time being, MA30 and MA60 have completed the downward crossover, MA60 is still continuing to fall, the price "must" go down within 4 days, otherwise MA60 will develop sideways in the direction of 3 o'clock.
In the 6-hour market data, the strength of the Reboundpump trend has not significantly increased, and the price did not continue to rise after hitting the recent resistance. So as long as it does not break near 57500 [Long Wick Candle not included], it will continue to satisfy the downward trend in the future.
The Rebound pump trend strength in the 2-hour market data is significantly weakened, and there is an upward deviation posture in the market data. The price is starting to confirm the top, and the trend is about to reverse downwards. The recent high point of support is around 56500, and the low point is near 55400.
In the short-term market data of the 1-hour cycle, a small amount of short positions volume has appeared. The strength of the Rebound pump trend is continuously weakening, and there is a significant upward deviation in the market data, indicating the existence of pullback demand. This is also the logic of short order get on board. Because there are signs of a top in the price, the pullback may be delayed, but it will eventually come out.
In the mid-term market data, ETH's Rebound is much weaker than BTC's, MACD has turned around, but the breakthrough of the golden support point near 2370 has failed, and the deviation still persists. The long-term moving average still maintains a downward trend, so the next trend is likely to oscillate downward - because the Rebound is too weak. There has been no significant downside space all along.
In the market data of the 12-hour cycle, it can be observed that the trend of BTC is much stronger than that of ETH, because BTC has approached the previous oscillation low point support near 57500, while the low point support [oscillation since August 15th] of ETH is around 2550, and the strength of the Reboundpump trend is still increasing.
The deviation of the 6-hour cycle has been repaired. The Reboundpump trend has significantly weakened in strength, and the price has not broken through the resistance near 2370. Therefore, the original downward trend is still maintained.
In the 1-hour market data, the price started to fall, and the Reboundpump trend strength is also weakening. However, the volume in the market is relatively low, so the price does not move. The recent support range is around 2290~2340.
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Observation of Small Coins
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In the morning [September 10, 2024 09:01:00] get on board's short order, did not reach the expected target in the afternoon, indicating a problem with the trend, pullback did not emerge, so we need to reduce position in place.
ETH wants to short fren, you can also take a short position, don't make the Position too large, set the stop loss at 2378, the target is 2290.
Sats【September 10, 2024 08:02:40】Current price adds to short position, stop loss set at 3190, the first target is at 2990 after reduce position. Continue holding after reduce position. √
Kas【Kanbarrett shopping】，1-hour and 4-hour periods have shown clear upward deviation, more rise, there is a pullback demand, because the support is too close, near 0.158, so it is not recommended to short. √
FTM, PEOPLE【Ally】, the pressure at the FTM daily candlestick level is around 0.5245, and the pump trend is still strengthening. The strength of the pump trend on the 6-hour period has not significantly increased, so there is a shorting logic due to the divergence state. The recent short-term support is around 0.47, so the conditions for shorting in the future are that the area near 0.47 must be broken through. After completion, the rebound should not exceed this area. PEOPLE's MACD at the daily candlestick level has just turned, and there is still pump space in the 12-hour period market data, indicating that there is still pump space in the longer term. In the 6-hour period market data, the trend has not broken the original downtrend, so as long as the price can turn around in place, you can choose to short at that position. √
Crv【Little Dove】, currently running a short-term pullback trend in the 1-hour cycle, with horizontal replacing fall, most of the cycles maintain an upward trend posture, the reason for the price rise not moving is that the 1-hour cycle is running a pullback trend. After completion, it is highly likely to continue to rise. So it cannot be empty. √
Can Mew [Impatient Huang Ranxi Exclusive] be empty? You can try to short at the current price with a small Position, and set the stop loss at the previous high point 0.00453. First, look for support near 0.00435. If it continues to go down, then continue to hold after reducing the position near 0.00435. If it doesn't fall, stop loss in place when it reverses. √
Ltc [Listen and Learn] can be shorted at the current market price to test it out, but because it's LTC, the Position shouldn't be too large. Place the stop loss before the 62.1 Sideways high point pressure. The recent target is around 59.8, continue to hold after reducing position. √
Can Luna be bought spot? If it is for investment, it is still a bit early, regardless of the price level. Because there is no news from the Federal Reserve now, only market expectations. After the news is released, if the market stays sideways on the weekly chart for more than a month, it is the time to get on board. √
Bome【A Le】, the 4-hour cycle reaches an important pressure point. For the overall trend, this position cannot be broken through. If there is a reversal, conditions can be found on the 1-hour cycle. The nearby low point is around 0.00607. If it falls below, it won't rebound and the downward reversal is the condition for shorting. √
Aave, which is a fresh and juicy veteran leek, cannot be shorted. The trend is a bit tricky, and there is a deviation in the 1-hour cycle. It is starting to pull back, but this is not a condition for shorting. The recent support is around 138.5. √
Since it is half Position, it means the Position is quite large, so at least a substantial reduction is needed. Because the trend is still not very stable. The market has not yet shown the expected trend [Sideways lasting for more than 1 month on a weekly chart level]. √
WLD【7d2a】The trend at the major level is relatively weak. There has been a downward movement in the 6-hour period and it has already touched the recent resistance. Therefore, it is highly likely that it will not continue to rise in the future. The current 1-hour period is running a pullback trend, with the recent support around 1.412. If it breaks, then it is necessary to consider a short position. However, it needs to break the previous low point around 1.398~1.4. If the rebound cannot go up, the turning point is the condition for entering a short position. √
Popcat [Hello] because it is a pure knockoff, so the structure cannot be seen for the time being, and the support is far away, temporarily unable to meet the conditions for shorting. √