Ethereum's range has not been effectively broken downward. If 3270 can hold, continue to go long; if it breaks below, go short. This is the range theory, a very useful trading method.
Since February 2, Bitcoin's current structure is in a 4-wave correction. It is highly likely to complete a full upward structure, with the 5th wave of the rise. The top of the 5th wave is most likely under trendline resistance, around 100,000. After a normal 5-wave completion, the correction may be slightly deeper. If the market is strong, there could be another rise, and then it will be a good time to go long. The depth of the correction will determine the next move.
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The idea shared yesterday is still valid today.
Ethereum's range has not been effectively broken downward. If 3270 can hold, continue to go long; if it breaks below, go short. This is the range theory, a very useful trading method.
Since February 2, Bitcoin's current structure is in a 4-wave correction. It is highly likely to complete a full upward structure, with the 5th wave of the rise. The top of the 5th wave is most likely under trendline resistance, around 100,000. After a normal 5-wave completion, the correction may be slightly deeper. If the market is strong, there could be another rise, and then it will be a good time to go long. The depth of the correction will determine the next move.