Last night, Bitcoin continued to weaken, dragging Ethereum and the entire Mainstream Token sector down with it. It dipped to a minimum of around 83700 before stopping the decline, which happens to be the first strong support level on a weekly chart. After that, it started to recover, and hovered around 86000. Ethereum is similar, trading back and forth in the 2800 range.
In my personal judgment, there is a high probability that we will see another surge today. After all, the low point last night held very steadily, and from a technical perspective, the rebound has not yet ended. If it does start to move, Ethereum should quickly test the resistance at 2850. Therefore, today's strategy is still bullish; one can buy on dips, but be cautious with short positions. Regardless of whether you are going long or short, stop-loss must be well placed; this is a hard and fast rule.
Maintain awe in front of the market, identify key levels and wait patiently, it is always more stable than chasing highs and cutting losses. Specific entry points and position management can be communicated at any time.
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MeaninglessGwei
· 8h ago
83700 held up? Then there’s hope, this rebound really feels like it’s about to take off. ETH at 2850 is a bit strong, but it’s not a problem.
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GasFeeDodger
· 12-02 03:39
Are we bottoming out again? Will this really rebound or is it another round of suckers being played for suckers?
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BearMarketSurvivor
· 12-02 03:33
The support at 83700 is really strong; it didn't break yesterday, so it should be fine to go long again today.
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DataOnlooker
· 12-02 03:26
Stop loss is indeed the truth; how many people have been ruined because they were unwilling to set it?
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TradFiRefugee
· 12-02 03:16
Once again, they are talking about stop loss, but how many people really do it?
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metaverse_hermit
· 12-02 03:13
The support level at 83700 is indeed very stable, but I still feel like I need to wait a few more days before taking action.
#美SEC推动加密创新监管 Today's Mainstream Token trading strategy overview:
Last night, Bitcoin continued to weaken, dragging Ethereum and the entire Mainstream Token sector down with it. It dipped to a minimum of around 83700 before stopping the decline, which happens to be the first strong support level on a weekly chart. After that, it started to recover, and hovered around 86000. Ethereum is similar, trading back and forth in the 2800 range.
In my personal judgment, there is a high probability that we will see another surge today. After all, the low point last night held very steadily, and from a technical perspective, the rebound has not yet ended. If it does start to move, Ethereum should quickly test the resistance at 2850. Therefore, today's strategy is still bullish; one can buy on dips, but be cautious with short positions. Regardless of whether you are going long or short, stop-loss must be well placed; this is a hard and fast rule.
Maintain awe in front of the market, identify key levels and wait patiently, it is always more stable than chasing highs and cutting losses. Specific entry points and position management can be communicated at any time.